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

SAP Term: reference variant

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A determinant of the costing items that are transferred or revaluated when one cost estimate references another cost estimate.

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• Key Concepts: 
  A reference variant in SAP CO-PC Product Cost Controlling is a template that contains all the settings and parameters for a cost estimate. It is used to quickly create cost estimates for similar products or services. The reference variant can be used to save time and effort when creating cost estimates, as it eliminates the need to manually enter all the settings and parameters each time. 
  
  How to use it: 
  To use a reference variant in SAP CO-PC Product Cost Controlling, first create a new cost estimate. Then, select the reference variant from the list of available variants. All the settings and parameters from the reference variant will be automatically applied to the new cost estimate. 
  
  Tips & Tricks: 
  When creating a reference variant, it is important to make sure that all the settings and parameters are accurate and up-to-date. This will ensure that the reference variant is useful when creating new cost estimates. Additionally, it is important to keep track of which reference variants are being used, as this will help ensure that all cost estimates are consistent. 
  
  Related Information: 
  For more information on using reference variants in SAP CO-PC Product Cost Controlling, please refer to the official SAP documentation. Additionally, there are many online tutorials and resources available that provide step-by-step instructions on how to use reference variants in SAP CO-PC Product Cost Controlling.