Can any one tell me the difference between VK11 and MR21

Hi Folks,
I have changed price of a material using VK12.
When I go to the transaction MR21, it is still showing the old price.
Can any one help what is the difference between VK11 and MR21.
And i which scenarios these two were used?
Thanks in Advance
Gopi Krishna

Hii,
VK11: This is price master record to determine the sale price or discounts or freight or taxes which we going to charge to the final customer. Through this transaction we will determine the price automatically either in sales or billing document. These transaction is only applicable for sales & distribution module for determining the pricing for customers.
The price determined through this we use in revenue realisation.
MR21: Through this trnsaction Finance or Cost users upload the cost of the material. The cost is
Standard Cost or Moving average cost.
Cost= Raw Material CostProcessing Cost(product process cost )Overheads(employee salaries)
This cost is maintained at each material master in accounting view either standard cost or moving average cost.
These cost is determined for every material movement within the company.
Example: Production, transfer posting, goods issue- system post the quantity and at the same time system create an inventory entry i.e accounting entry for the transaction. In this accounting entries, system consider the values from material master for generating accounting entry.
If you upload production for 10 MT of material A and in material master if kept the cost of the material as 1000 then the accounting entry in production time as
Finish Goods Dr 10000
To Cost of Production Cr 10000
These cost also determined sales transaction through VPRS condition type.
Rewards if it helps
Regards
Goutham

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