What is standard total cost in SAP EPM-IM-FPL - EPM IM Flying Profit&Loss (Leopard)?

SAP Term: standard total cost

• Component: EPM-IM-FPL

• Component Name: EPM IM Flying Profit&Loss (Leopard)

• Description: The sum of standard cost and direct cost.

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• Key Concepts: 
  Standard total cost is a term used in SAP's EPM-IM-FPL (EPM IM Flying Profit&Loss) module, also known as Leopard. It is a measure of the total cost of a product or service, including both fixed and variable costs. This cost is calculated based on the standard price of the product or service, and can be used to compare the actual cost to the expected cost. 
  
  How to use it: 
  Standard total cost can be used to compare the actual cost of a product or service to the expected cost. This comparison can help identify areas where costs are higher than expected, and can be used to make adjustments to improve efficiency. Additionally, standard total cost can be used to compare different products or services, allowing for better decision-making when selecting which one to use. 
  
  Tips & Tricks: 
  When calculating standard total cost, it is important to consider all costs associated with the product or service, including both fixed and variable costs. Additionally, it is important to ensure that all costs are up-to-date and accurate in order to get an accurate comparison between actual and expected costs. 
  
  Related Information: 
  Standard total cost is related to other terms such as actual total cost and expected total cost. Actual total cost is the actual cost of a product or service, while expected total cost is the estimated cost of a product or service. Additionally, standard total cost is related to other measures such as unit price and unit cost. Unit price is the price per unit of a product or service, while unit cost is the total cost per unit of a product or service.