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Component: CO-PC
Component Name: Product Cost Controlling
Description: A parameter that establishes the technical attributes of a cost estimate. For example, the costing type for a material cost estimate controls which price field in the material master is updated, which costs are used as the basis for allocating overhead, and which valuation view is costed.
Key Concepts: Costing type is a classification of cost elements used in Product Cost Controlling (CO-PC) in SAP. It is used to differentiate between different types of costs, such as material costs, overhead costs, and labor costs. Costing types are assigned to cost elements and are used to determine the cost of a product or service. How to use it: In SAP, costing types are used to assign cost elements to a specific cost type. This allows for the accurate calculation of the cost of a product or service. To assign a costing type to a cost element, go to the Cost Element Master Data screen in CO-PC and select the costing type from the drop-down menu. Tips & Tricks: When assigning costing types, it is important to ensure that the correct type is selected for each cost element. This will ensure that the correct costs are calculated for each product or service. Additionally, it is important to keep track of all costing types and their associated cost elements in order to ensure accuracy when calculating costs. Related Information: For more information on costing types and how they are used in SAP, please refer to the SAP Help documentation on Product Cost Controlling (CO-PC). Additionally, there are many online resources available that provide detailed information on how to use costing types in SAP.