What is production costs in SAP CO-PC - Product Cost Controlling?

SAP Term: production costs

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: The portion of the cost of goods manufactured that consists of the following costs: Direct cost of production direct labor Production overhead costs Special direct costs of production

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• Key Concepts: 
  Production costs refer to the costs associated with producing a product or service. In SAP, production costs are tracked and managed using the CO-PC Product Cost Controlling component. This component allows users to track and analyze the costs associated with production, such as raw materials, labor, overhead, and other expenses. 
  
  How to use it: 
  The CO-PC Product Cost Controlling component is used to track and manage production costs in SAP. It allows users to enter and track the costs associated with production, such as raw materials, labor, overhead, and other expenses. The component also provides users with reports and analysis tools to help them better understand their production costs. 
  
  Tips & Tricks: 
  When using the CO-PC Product Cost Controlling component, it is important to ensure that all costs associated with production are accurately tracked and entered into the system. This will help ensure that users have an accurate understanding of their production costs. Additionally, it is important to regularly review the reports and analysis tools provided by the component in order to identify any potential areas of improvement or cost savings. 
  
  Related Information: 
  The CO-PC Product Cost Controlling component is part of the SAP ERP system. It is closely related to other components such as Materials Management (MM), Financial Accounting (FI), and Controlling (CO). Additionally, it can be used in conjunction with other components such as Sales & Distribution (SD) and Plant Maintenance (PM).