What is variance key in SAP CO-PC - Product Cost Controlling?

SAP Term: variance key

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A key that ensures the object is selected during variance calculation. Also controls whether scrap costs are reported in a separate category.

Smart SAP Assistant

• Key Concepts: 
  Variance key is a feature in SAP's CO-PC Product Cost Controlling module that allows users to assign a variance key to each cost element. This variance key is used to classify the cost element into one of the four categories: price, quantity, activity, or other. This classification helps users to analyze and compare the costs of different cost elements. 
  
  How to use it: 
  To assign a variance key to a cost element, go to the Cost Element Master Data screen in SAP. Select the cost element you want to assign a variance key to and click on the Variance Key tab. Select the appropriate variance key from the drop-down list and click save. 
  
  Tips & Tricks: 
  It is important to assign the correct variance key to each cost element as this will help you accurately analyze and compare costs. Additionally, it is important to keep track of which variance keys have been assigned to which cost elements as this will help you quickly identify any discrepancies or errors in your data. 
  
  Related Information: 
  For more information on using variance keys in SAP's CO-PC Product Cost Controlling module, please refer to SAP's official documentation here: https://help.sap.com/viewer/product/SAP_CO-PC/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html