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

SAP Term: modified standard cost estimate

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A costing type that calculates the cost of goods manufactured for a product during the course of a planning period. It differs from the standard cost estimate in that it uses the quantity structure that has changed during the planning period as the basis for calculating costs.

Smart SAP Assistant

• Key Concepts: 
  Modified Standard Cost Estimate (MSCE) is a feature of SAP's Product Cost Controlling (CO-PC) component. It is used to calculate the cost of a product based on the standard cost estimate, but with modifications to account for changes in the production process or materials used. The MSCE can be used to compare the actual cost of a product with the estimated cost, and to identify areas where costs can be reduced. 
  
  How to use it: 
  The MSCE is created in the SAP system by entering the standard cost estimate and then making any necessary modifications. The modifications can include changes in the production process, such as using different materials or changing the production sequence, as well as changes in the cost of materials or labor. Once all of the modifications have been made, the MSCE can be used to calculate the actual cost of a product. 
  
  Tips & Tricks: 
  When creating an MSCE, it is important to consider all of the potential changes that could affect the cost of a product. This includes changes in materials, labor costs, and production processes. Additionally, it is important to ensure that all of the modifications are accurately reflected in the MSCE so that it accurately reflects the actual cost of a product. 
  
  Related Information: 
  For more information on using SAP's Product Cost Controlling (CO-PC) component, please refer to SAP's official documentation. Additionally, there are many online resources available that provide tutorials and tips on using SAP's CO-PC component.