What is group production costs in SAP EC-CS - Consolidation?

SAP Term: group production costs

• Component: EC-CS

• Component Name: Consolidation

• Description: A cost incurred during production from the point of view of the group. Group production costs consist of the production costs of the individual consolidation units, taking into account cost increases for example, transport costs and reductions for example, product licenses.

Smart SAP Assistant

• Key Concepts: 
  Group production costs are costs that are incurred in the production of a product or service. These costs are typically associated with the production process, such as raw materials, labor, and overhead. In SAP EC-CS Consolidation, group production costs are used to calculate the cost of goods sold (COGS) for a given period. 
  
  How to use it: 
  Group production costs can be entered into SAP EC-CS Consolidation by selecting the “Group Production Costs” option from the “Costs” tab. From there, users can enter the cost of each item used in the production process, as well as any overhead costs associated with the production process. Once all of the costs have been entered, they can be saved and used to calculate COGS for a given period. 
  
  Tips & Tricks: 
  When entering group production costs into SAP EC-CS Consolidation, it is important to ensure that all of the costs are accurate and up-to-date. Additionally, it is important to keep track of any changes in the cost of materials or labor over time, as this can affect the accuracy of COGS calculations. 
  
  Related Information: 
  For more information on group production costs and how they are used in SAP EC-CS Consolidation, please refer to the official SAP documentation on the topic. Additionally, there are many online resources available that provide detailed explanations and tutorials on how to use group production costs in SAP EC-CS Consolidation.