What is 'target activity' in SAP CO-PC - Product Cost Controlling?

target activity - Overview

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: The amount of production activity required according to the routing or recipe to manufacture the actual quantity of the product. This activity is calculated using the planned activity and the quotient of the planned and actual quantity manufactured.

target activity - Details

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  Key Concepts: 
  Target activity is a term used in SAP's Product Cost Controlling (CO-PC) component. It is used to define the cost of a product or service that is expected to be achieved in a given period of time. It is used to compare the actual cost of a product or service with the target cost and identify any discrepancies. 
  
  How to use it: 
  Target activity can be used to set a target cost for a product or service and then compare it with the actual cost. This comparison can be used to identify any discrepancies between the two costs and take corrective action if necessary. The target activity can also be used to track the progress of a project and ensure that it is on track to meet its goals. 
  
  Tips & Tricks: 
  When setting a target activity, it is important to consider all factors that could affect the cost of the product or service. This includes factors such as labor costs, materials costs, overhead costs, and any other costs associated with the project. Additionally, it is important to set realistic targets that are achievable within the given timeframe. 
  
  Related Information: 
  Target activity is closely related to other terms such as budgeting, forecasting, and variance analysis. These terms are all used in SAP's Product Cost Controlling component and are used to help manage and