What is cost type in SAP XAP-CQM - Cost and Quotation Management (SAP xCQM)?

SAP Term: cost type

• Component: XAP-CQM

• Component Name: Cost and Quotation Management (SAP xCQM)

• Description: Structuring element of a quotation. You can select cost types for each quote assembly and include material costs, labor costs, and so on.

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• Key Concepts: 
  Cost type is a feature of SAP xCQM that allows users to define and manage the different types of costs associated with a product or service. Cost types can be used to categorize costs into different categories such as material, labor, overhead, and other costs. This allows users to better track and analyze their costs. 
  
  How to use it: 
  In SAP xCQM, cost types can be created and managed in the Cost Type Maintenance screen. This screen allows users to define the different cost types, assign them to products or services, and set up rules for how they are calculated. Once cost types are created, they can be used in the Cost Estimation screen to calculate the total cost of a product or service. 
  
  Tips & Tricks: 
  When creating cost types in SAP xCQM, it is important to consider how they will be used in the Cost Estimation screen. It is also important to ensure that all cost types are properly categorized so that they can be easily identified and tracked. 
  
  Related Information: 
  For more information on cost types in SAP xCQM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_xCQM/latest/en-US/f9f8d7a2b3e14c8a9f3d7c6b2f5e4d1a.html