What is Product Cost by Order or Period in SAP CO-PC - Product Cost Controlling?

SAP Term: Product Cost by Order or Period

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A form of Cost Object Controlling that involves lot-based and periodic cost management at the level of orders and materials.

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• Key Concepts: 
  Product Cost by Order or Period is a component of SAP's Product Cost Controlling (CO-PC) module. It allows users to calculate the cost of a product based on the order or period in which it was produced. This cost calculation is based on the actual costs incurred during production, such as raw materials, labor, and overhead costs. The cost calculation can be done for a single order or for multiple orders over a period of time. 
  
  How to use it: 
  Product Cost by Order or Period can be used to calculate the cost of a product based on the order or period in which it was produced. To do this, users must first enter the relevant data into the system, such as the quantity of raw materials used, labor costs, and overhead costs. Once this data is entered, the system will calculate the total cost of production for each order or period. 
  
  Tips & Tricks: 
  When using Product Cost by Order or Period, it is important to ensure that all relevant data is entered accurately and completely. This will ensure that the cost calculation is accurate and reliable. Additionally, users should take advantage of the reporting features available in this module to gain insights into their production costs. 
  
  Related Information: 
  Product Cost by Order or Period is part of SAP's Product Cost Controlling (CO-PC) module. Other components of this module include Product Cost Planning (CO-PC-PCP), Product Cost Collector (CO-PC-CCA), and Product Cost Object Controlling (CO-PC-OBJ). Additionally, users may find it helpful to review SAP's documentation on Product Cost Controlling for more information on this topic.