This pre-conference session will focus on cost estimates with quantity structure associated with Product Cost Planning (CO-PCP). We'll explain the processes which use a cost estimate to define the standard price of material, including creating the cost estimate, marking, and releasing. We'll present the concepts of the costing variant and valuation variant to show how you determine the source of costs in the cost estimate. We will explore the uses of alternate costing variants and valuation variants so you can use the cost estimate to make better decisions. Finally, we'll discuss error management and troubleshooting.
- Understand the different ways you can use cost estimates
- Discover how costing variants and valuation variants dictate the purpose of a cost estimate and the source of the costs
- Discuss how you include the various components of cost (material, manufacturing, overhead) in the cost estimate
- Learn how you can use costing variants to provide useful “what if” information