What is reference quantity in SAP CO-PC - Product Cost Controlling?

SAP Term: reference quantity

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A tool used to calculate work in process. An example formula: Confirmed yield of operation - Relevant scrap quantity of operation - Quantity of goods received = Reference quantity

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  Key Concepts: 
  Reference quantity is a term used in SAP's CO-PC Product Cost Controlling component. It is a unit of measure used to calculate the cost of a product or service. The reference quantity is determined by the user and can be based on any unit of measure, such as weight, volume, or time. 
  
  How to use it: 
  The reference quantity is used to calculate the cost of a product or service. The user must first determine the reference quantity for the product or service. This can be done by selecting a unit of measure, such as weight, volume, or time. Once the reference quantity has been determined, it can be used to calculate the cost of the product or service. 
  
  Tips & Tricks: 
  When determining the reference quantity for a product or service, it is important to consider how the product or service will be used. For example, if the product is a food item, then it may be best to use weight as the reference quantity. On the other hand, if the product is a service such as consulting, then it may be best to use time as the reference quantity. 
  
  Related Information: 
  For more information on SAP's CO-PC Product Cost Controlling component and how to use reference quantities, please refer to SAP's official documentation at https://help.sap.com/viewer/product/CO-PC/latest/en-US.