What is summarization in SAP CO-PC - Product Cost Controlling?

SAP Term: summarization

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A method summarizing the data of account assignment objects so that costs can be analyzed at a higher level.

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• Key Concepts: 
  Summarization in SAP CO-PC Product Cost Controlling is the process of collecting and aggregating data from multiple sources into a single, comprehensive report. This report can be used to analyze and compare different cost elements, such as labor, materials, and overhead costs. Summarization also allows for the creation of cost centers and cost objects, which can be used to track and monitor costs over time. 
  
  How to use it: 
  In SAP CO-PC Product Cost Controlling, summarization is used to create a comprehensive report that can be used to analyze and compare different cost elements. To do this, data from multiple sources must be collected and aggregated into a single report. This report can then be used to create cost centers and cost objects, which can be used to track and monitor costs over time. 
  
  Tips & Tricks: 
  When using summarization in SAP CO-PC Product Cost Controlling, it is important to ensure that all data sources are accurately collected and aggregated into the report. Additionally, it is important to ensure that all cost centers and cost objects are properly created and tracked in order to get the most accurate results. 
  
  Related Information: 
  For more information on summarization in SAP CO-PC Product Cost Controlling, please refer to the official SAP documentation or contact your local SAP representative. Additionally, there are many online resources available that provide detailed tutorials on how to use summarization in SAP CO-PC Product Cost Controlling.