Cost estimate/costing run

Hi
What is the difference between cost estimate and costing run?
Thanks,
Nivi

Hello Ram,
There are 3 steps in Costing Procedure. They are
1. Creation of cost estimate
2. Marking of cost estimate
3. Release  of cost estimate
Once you release cost estimate, then only system will update the required fields in the database and can be used for transactions.
Hence, cost estimate means, it is just estimated total cost of the product and Costing Run means which inclusive of all the above three steps to complete the total process.
Please let me know if you require any further clarifications.
Thank you,
Regards,
Santosh
Reward points if helpful.

Similar Messages

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    kinldy let me know
    thanks

    Hi,
    just check the below:
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    You have specified the Activity duration in the Rate routing .
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    R.Rajaraman

  • Display Dept. amount in Std cost estimate cost component view

    Dears,
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  • Error in determining the cost estimate while running cost collector (KKF6N)

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    Hi,
    Send the details of Error message.
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    S.Subbiah.

  • Std. cost estimate:costing sheet

    Dear experts,
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    Hi Sameer,
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  • Cost Estimate Run

    Hi Gurus,
    Please tell me why we run cost estimate and what is the use of it.
    What are impacts of running cost estimate?
    Please revert asap.
    Thank You

    Hi,
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    You have different ways of Calculating your COGS and COGM in SAP.
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    In Cost Estimate With Qunatity Structure  you will not have the option of entering the lot size for your Cost Estimation. It will be automatically determined from your BOM and Routing.
    Whereas In Cost Estimate  Without Quantity Structure you need to manually enter the Quantity at the time Cost Estimation.
    With Regard to Impact of Cost Estimates.
    While Running the Costing Run you have to Mark or Release your Cost Estimation results inorder to Update the prices in Material Master record.
    Hope I have briefly given an idea baout Cost Estimates and its impact.

  • Material Cost Estimate with different lot size.

    What happens if the material cost estimate is run twice using different lot sizes each time  (all other parameters unchanged) for the same period?
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    The costing lot size impacts your cost estimate if you have lot size independent costs (i.e. setup cost).  Those fixed costs are spread over the costing lot sizee to give you a cost per unit..  Larger costing lot sizes can also help you minimize rounding issues.
    You can only have one marked cost estimate in a given period.  However, you can create and save a cost estimate as many times as you want as long as you have not marked it for release.  When you save the estimate it will overwrite an existing estimate.  You also have the option of creating multiple estimates under different versions or with different costing variants.

  • Cost estimate currency

    Hello Gurus,
    Once the cost estimate is run for a material, we could see the values in controlling currency. But i need Company code currecny. Could any body let me know the configuration for this.
    Thanks in advance,
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    Hi,
    Currencies in Costing
    You can update and display the costing results (cost component split, and itemization) in both the company code currency and the controlling area currency. The cost component split is then rolled up in both currencies. The controlling area currency is only valid for the legal valuation level.
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    Actual Costing/Material Ledger
    Implementation Guide for Product Cost Planning
    Activities
    You activate the cost component split in the controlling area currency in Customizing for Product Cost Planning.
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  • Std. cost estimate

    Dear Experts,
    We have ROH, HALB & ZMAT as materials.  The question is with respect std. cost estimate.
    The cost estimate are run for HALB & ZMAT  items created  on day to day basis. However cost estimate is executed for all the  HALB & ZMAT on alternate months.
    I would lke to know the best practice or industry standard on this issue on the frequency of estimates. I appreciate any other points rellated to this point.
    Thanks in advance.
    T.S.Shankar

    hi read the following basics of CO-PC        
    1)A material cost estimate used to calculate the standard price in the 
    material master record.                                                                               
    2)The cost estimate must be executed with a costing variant that updates
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    3)Forms the basis for profit planning or product costing where the focus 
    is on determining the variances.                                                                               
    4)Typicall, a standard cost estimate is created for each product at the  
    beginning of the fiscal year or new season or BEGINING OF THE PERIOD /  MONTH.                                                                               
    5)Standard cost estimates establish standard prices for semifinished     
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    A costing type that calculates the cost of goods manufactured for a   
    product during the course of a planning period.                                                                               
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    CURRENT COST ESTIMATE                                                                          
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    B)You can transfer the results of this cost estimate to the material   
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  • CK11N, release new costing estimate

    Hello all experts,
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    For example: Product A, it has a standard cost estimate which is released on 01.01.2010, it's costing date from is 01.01.2010 and costing end date is 31.12.2010. In the middle of the year, for example in May, the exchage rate was change a lot, so we want to release a new cost estimate for it. The costing start date is 01.05.2010 and costing end date is 31.12.2010.
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    Mavis

    Dear,
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    For example : Goods Receipt of 100 units @ $ value of Rs. 45.
    Finished Goods Account   DR      4500
    GR/IR Clearing Account    CR       4500
    Invoice Receipt/Invoice Verification -MIRO:
    Invoice Receipt 100 units @ $ Value of Rs.48
    If the stock is available, the Inventory/Stock Value will be revaluated with the new price. If the stock is not available the Exchange difference will be posted to Exchange Gain/Loss Account based on OBYC settings,  like this.
    Exchange Gain/Loss A/c     DR     300
    GR/IR clearing A/c               DR   4500
    Vendor A/c                            CR   4800
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    Regards
    appalas
    Edited by: appalas on Jan 27, 2010 7:07 AM

  • Latest Cost estimate itemization Table

    Dear All,
    Could some one tell the table name where I can fine the particular material's latest released cost estimate date by each item number and item category.
    I use the CKIS table , but the Costing date field (KADKY)  of  CKIS  is not matching with my latest cost release date in my cost estimate (Cost date from : KADAT)
    For example :
    Material master  R1234
    Costing Date from  :  01/01/2014   ( Latest cost  released date)
    Item Number : 1
    Item Category  : L
    Value :   100
    Thanks,
    Ram

    Hi Ram
    CKIS table is the itemization table.
    Cost is always released from 1st of the month and this might be different than the Costing Date From. You need to find the Cost estimate number from keko and then retrieve from CKIS
    Also if you are intending to make a Z program, use the Bapis. I have answered it many times, you can search it
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    Br. Ajay M

  • Diff between Planned Cost - Target Cost

    Hi all of you,
    Could you please explain me the difference between Planned Cost and Target Cost. Why do we go for the settlement of Variance (Diff between Actual cost and Target Cost).
    Please give me your valuable suggestions regarding.
    Thanks & Regards
    Ramki

    HI,
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    One more assumption is, We have created production order with quanity 10. Did Goods receipt 10 nos.
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    This target cost field in Prod. order gets updated once you run variance calculation.
    Actual cost:
    Standard cost * actual qty= 100*10=1000
    Settlement:
    While doing GR/GI to order, the cost is captured under the production order. if there is a difference between actual and plan, that should be posted to Price diffference account.That activiry is being done at the time of settlement. 
    vijay

  • Cost estimate run in case of PP-PS scenario

    We are having PP-PS scenario at one of our location , BOM is maintained in CS01and activity rate is maintained in KP26, project WBS is created in PS for project monitoring , the project time is normally 6-9 months, It is Make to Order business.
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    I checked  qbew table valuation was on the basis of planned cost where as in material master MM03 material value was different.

    Hi
    1. You need std cost from CK11N only if you can manufacture independent of the project any time. Else it is not reqd
    2. I dont know abt your 2nd question.. So unable to answer
    3. For each project and production order that you create, system would calculate planned cost and that should cover changes in BOM. However, you can also use MR21 to update the price in QBEW any time...
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    Regards
    Ajay M

  • In running standard Cost Estimate, System is selecting wrong selection ID

    We have two Process in Production . one we use Process flow(PI), in other we use Production flow(PP).
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    Verify the Routing determination sequence in costing varinat - Quantity Structure determination configuration.
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  • How to Run a Cost Estimate with Budgeted Values parallel to the Std Cost Estiamte

    Hi Experts,
    My client want to run a parallel cost estimate with Budgeted values for each type of cost in a similar process like standard cost estimate(currently only Std business run only the std. cost estimate). Below will be provided to run the said cost estimate.
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    Thanks in advance.
    Aziz

    Hi..
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