What is resource cost rate in SAP SRD-FIN-COR - FIN-Cost and Revenue?

SAP Term: resource cost rate

• Component: SRD-FIN-COR

• Component Name: FIN-Cost and Revenue

• Description: The internal cost rate used to allocate the consumption of services provided by resources to projects, sales orders, service orders, and production lots.

Smart SAP Assistant

• Key Concepts: 
  Resource cost rate is a term used in SAP's Cost and Revenue Accounting component. It is a rate used to calculate the cost of a resource, such as labor or materials, for a given period of time. This rate is determined by taking into account the cost of the resource, the amount of time it takes to use the resource, and any other associated costs. 
  
  How to Use It: 
  Resource cost rate can be used to accurately calculate the cost of a resource for a given period of time. To do this, you must first determine the cost of the resource, the amount of time it takes to use the resource, and any other associated costs. Once these values are determined, you can then calculate the resource cost rate by dividing the total cost by the total amount of time it takes to use the resource. 
  
  Tips & Tricks: 
  When calculating resource cost rate, it is important to take into account any additional costs associated with using the resource. This could include taxes, fees, or other expenses that may not be immediately apparent. Additionally, it is important to ensure that all costs are accounted for in order to get an accurate calculation of the resource cost rate. 
  
  Related Information: 
  For more information on SAP's Cost and Revenue Accounting component and how to use resource cost rate, please refer to SAP's official documentation on their website. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature in SAP.