What is 'costing structure' in SAP CO-PC - Product Cost Controlling?

costing structure - Overview

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: Structure of a costing report that is not displayed in a flat list.

costing structure - Details

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  Key Concepts: 
  Costing structure in SAP CO-PC Product Cost Controlling is a way of organizing and managing the costs associated with a product. It is used to determine the cost of a product at different stages of production, from raw materials to finished goods. The costing structure consists of cost elements, cost centers, and cost objects. Cost elements are the individual components that make up the total cost of a product, such as labor, materials, and overhead. Cost centers are the departments or locations where costs are incurred. Cost objects are the products or services for which costs are incurred. 
  
  How to use it: 
  The costing structure in SAP CO-PC Product Cost Controlling is used to track and analyze the costs associated with a product throughout its life cycle. It can be used to determine the cost of a product at different stages of production, from raw materials to finished goods. The costing structure can also be used to identify areas where costs can be reduced or optimized. 
  
  Tips & Tricks: 
  When setting up a costing structure in SAP CO-PC Product Cost Controlling, it is important to ensure that all cost elements are accurately tracked and accounted for. This will help ensure that the costing structure is accurate and up-to-date. Additionally, it is important to regularly review and update the costing structure as needed to