Difference between plan,actual and target in order

Question

hi
plz tell me ans.
In the manufacturing order WHAT is the difference PLAN, ACTUAL and TARGET.
In the CK11N, we will estimate plan cost for one finished product but in order we are taking 2 costing variant that is PRODUCTION ORDER PLANDED (PPP1) and PRODUCTION ORDER ACTUAL(PPP2) . in the ORDER calculation which is taken as an account  and  tell me their functionality separately         
thank u
sowmya

Answer 1

Plan Cost means this is the cost of Product or Material or Activity or any others statistical price which we estimate and Plan prices for organizations future activities.
Actual cost is the original/Actual cost we incurred for Product or Material or Activity or any other.
Target cost are the costs that are expected for a certain operating rate.  It is the dynamic value which will be calculated on the basis Operating rate (Operating rate = (Actual activity / Plan activity) X 100), and It is a consistent basis useful for comparisons of the plan and actual costs of a period.
Ex:
we plan $110 per hour of Labor activity.
but we incurred $125 as actual cost.
for this Target cost is (125/110)*100=113
We use Costing variant for plan to calculate plan price of Order. 
when order is created system posts planned costs to the order according to standard cost estimate of product, which uses the planned cost variant.
when the production is carried out Actual costs are posted to the order using Costing variant for actual.  when order is completed system uses this two values to calculate the variance of production order. which can be settled to FI.
Hope U got...