What is future standard cost estimate in SAP CO-PC - Product Cost Controlling?

SAP Term: future standard cost estimate

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A material cost estimate for the next period. This cost estimate establishes the future standard price.

Smart SAP Assistant

• Key Concepts: 
  Future Standard Cost Estimate (FSC) is a feature of SAP's Product Cost Controlling (CO-PC) component. It is used to calculate the estimated cost of a product in the future, based on current cost data. The FSC is used to plan and control costs, and to compare actual costs with the estimated costs. 
  
  How to use it: 
  The FSC can be used to calculate the estimated cost of a product in the future. This is done by entering the current cost data into the system, such as material costs, labor costs, overhead costs, etc. The system then calculates the estimated cost of the product in the future based on this data. The FSC can also be used to compare actual costs with the estimated costs. 
  
  Tips & Tricks: 
  When using the FSC, it is important to ensure that all relevant cost data is entered into the system accurately. This will ensure that the estimated cost of a product in the future is as accurate as possible. It is also important to regularly update the cost data in order to keep the FSC up-to-date. 
  
  Related Information: 
  The FSC can be used in conjunction with other features of SAP's Product Cost Controlling component, such as Activity-Based Costing (ABC) and Cost Object Controlling (COC). These features can help to further refine and improve the accuracy of the FSC.