What is 'relevancy to costing' in SAP CO-PC - Product Cost Controlling?

relevancy to costing - Overview

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A tool that performs the following functions in cost estimates with a quantity structure: Controls whether an operation or a suboperation in a routing is costed Controls whether a BOM item is costed Determines what portion of the fixed and variable costs are used in costing

relevancy to costing - Details

• 
  Key Concepts: 
  CO-PC Product Cost Controlling is a component of the SAP system that helps companies manage their product costs. It allows companies to track and analyze the costs associated with producing a product, including raw materials, labor, overhead, and other expenses. It also helps companies to identify areas where costs can be reduced or optimized.
  
  How to use it: 
  CO-PC Product Cost Controlling can be used to track and analyze the costs associated with producing a product. It allows companies to set up cost centers and cost elements, which are used to categorize and track different types of costs. Companies can also use CO-PC Product Cost Controlling to create cost estimates for new products or services.
  
  Tips & Tricks: 
  When using CO-PC Product Cost Controlling, it is important to ensure that all cost elements are accurately tracked and categorized. This will help ensure that the cost estimates are accurate and up-to-date. Additionally, it is important to regularly review the cost estimates to ensure that they are still relevant and up-to-date.
  
  Related Information: 
  CO-PC Product Cost Controlling is closely related to other components of the SAP system, such as CO-OM (Cost Object Controlling) and CO-PA (Profitability Analysis). These components can be used in conjunction with CO-PC Product Cost Controlling to provide a more comprehensive view of a company's costs and profitability.