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

SAP Term: summarization object

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: Object that contains data that was determined through one of the following summarizations: Order summarization Project summarization Summarization of a cost object hierarchy &EXAMPLE& A summarization object can contain costs that were incurred for all orders of a certain order type and a certain responsible cost center.

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• Key Concepts: 
  Summarization objects are used in SAP Product Cost Controlling (CO-PC) to group cost elements and cost centers into a single unit. This allows for easier analysis and reporting of costs. Summarization objects can be used to group cost elements by type, such as labor, materials, or overhead, or by cost center. 
  
  How to use it: 
  To create a summarization object, go to the Cost Element Accounting (CO-PC) menu in SAP. Select the “Summarization Objects” option and enter the desired name for the summarization object. Then select the cost elements and cost centers that should be included in the summarization object. Finally, save the summarization object. 
  
  Tips & Tricks: 
  When creating summarization objects, it is important to consider how they will be used. For example, if the summarization object will be used for reporting purposes, it may be beneficial to group cost elements by type rather than by cost center. 
  
  Related Information: 
  For more information on summarization objects in SAP Product Cost Controlling (CO-PC), please refer to the SAP Help documentation.