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

SAP Term: group costing

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A costing function that calculates the value added for multiple profit centers across company codes. A cost component split is generated for each partner such as the company code, plant, profit center, business area, or division. This cost component split shows the following information: The cost of goods manufactured for the material Additional costs such as freight and insurance charges The internal profit A parallel view shows the price that was arranged for transfer between partners.

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• Key Concepts: 
  Group costing is a feature of SAP's CO-PC Product Cost Controlling component. It allows users to assign costs to a group of cost objects, such as products or services, instead of assigning them individually. This helps to reduce the amount of time and effort required to manage costs. 
  
  How to use it: 
  Group costing can be used in SAP's CO-PC Product Cost Controlling component by creating a cost object group and assigning costs to it. The cost object group can then be used to assign costs to multiple cost objects at once. This helps to reduce the amount of time and effort required to manage costs. 
  
  Tips & Tricks: 
  When using group costing, it is important to ensure that the cost object group is properly configured and that the costs assigned are accurate. Additionally, it is important to regularly review the cost object group and make any necessary adjustments. 
  
  Related Information: 
  For more information on group costing in SAP's CO-PC Product Cost Controlling component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using group costing in SAP.