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

SAP Term: costing variant

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A control element that contains all parameters for costing, including parameters that control how cost estimates are executed and the material prices or activity prices that are used to value the costing items.

Smart SAP Assistant

• Key Concepts: 
  A costing variant is a set of parameters used to define the costing process in SAP Product Cost Controlling (CO-PC). It contains settings for the cost estimate, cost object structure, and cost object hierarchy. It also includes settings for the cost component structure, cost element structure, and cost element hierarchy. 
  
  How to use it: 
  The costing variant is used to define the costing process in SAP Product Cost Controlling. It is used to determine the cost estimate, cost object structure, and cost object hierarchy. It also defines the cost component structure, cost element structure, and cost element hierarchy. 
  
  Tips & Tricks: 
  When creating a costing variant, it is important to ensure that all of the settings are correct and up-to-date. This will ensure that the costing process runs smoothly and accurately. 
  
  Related Information: 
  For more information on costing variants in SAP Product Cost Controlling, please refer to the SAP Help Portal or contact your local SAP support team.