What is target cost version in SAP CO - Controlling?

SAP Term: target cost version

• Component: CO

• Component Name: Controlling

• Description: A version that determines the basis for the calculation of target costs. Target costs are used as a reference base when: Splitting the actual costs posted to a cost center to the individual activity types Splitting the actual costs posted to a cost object hierarchy to the individual products Calculating variances for a cost center, an order, or a cost object hierarchy

Smart SAP Assistant

• Key Concepts: 
  Target cost version is a feature in SAP Controlling (CO) that allows users to create and manage multiple versions of cost estimates. It enables users to compare different versions of cost estimates and make decisions based on the comparison. The target cost version also allows users to track changes in cost estimates over time. 
  
  How to use it: 
  To use the target cost version, users must first create a version of the cost estimate. This can be done by entering the relevant data into the system. Once the version is created, users can then compare it to other versions of the cost estimate and make decisions based on the comparison. 
  
  Tips & Tricks: 
  When creating a target cost version, it is important to ensure that all relevant data is entered accurately. This will ensure that the comparison between different versions of the cost estimate is accurate and reliable. Additionally, it is important to regularly update the target cost version with new data as changes occur. 
  
  Related Information: 
  For more information about target cost version in SAP Controlling (CO), please refer to SAP Help documentation or contact your local SAP support team.