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

SAP Term: previous standard cost estimate

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: The material cost estimate that established the standard price before the standard price was changed.

Smart SAP Assistant

• Key Concepts: 
  Previous standard cost estimate is a feature of SAP's CO-PC Product Cost Controlling component. It is used to calculate the cost of a product based on the standard cost estimate that was used in the past. This allows for more accurate cost estimates and helps to ensure that the product is priced correctly. 
  
  How to use it: 
  The previous standard cost estimate can be accessed in the CO-PC Product Cost Controlling component. Once accessed, the user can enter the relevant data such as the product name, quantity, and unit price. The system will then calculate the cost of the product based on the previous standard cost estimate. 
  
  Tips & Tricks: 
  It is important to ensure that all data entered into the system is accurate and up-to-date. This will help to ensure that the cost estimates are as accurate as possible. Additionally, it is important to regularly review and update the previous standard cost estimates to ensure that they are still relevant and accurate. 
  
  Related Information: 
  For more information on SAP's CO-PC Product Cost Controlling component, please refer to SAP's official documentation or contact your local SAP representative. Additionally, there are many online resources available that provide detailed information on how to use this feature.