Comprehending Cost Estimate Quantities and Value Structures in Material Master Data

Objective

After completing this lesson, you will be able to define the connection between cost estimates with quantities and value structures

Lesson Overview

Now, let's differentiate between cases, depending on the organizational unit in Product Cost Accounting. Depending on the plant and the company, different production and valuation methods must be distinguished.

You want to identify the specific fields in the material master data that determine a particular costing method for a material cost estimate.

Navigating Cost Estimate Explanation Facilities

The Information on Cost Estimate button provides explanation facilities that enable the cost planner to access data in the costing environment directly from the cost estimate screen. The available explanation facilities depend on the cost of the object.

Explanation Facilities

Image detailing the direct links available from the Material Cost Estimate app, by choosing Information on Cost Estimate. It's purpose is to provide direct access from the cost estimate to master data, customizing and control parameter data. The explanation facilities are: The cost estimate header; The information system: Itemization and Costed multilevel BOM (Costing Structure).

You can also access the different elements of the settings in addition to the material master data and the quantity structures (BOM and Routing). These settings will be covered in a future course

Cost Estimate Explanation Facilities

Overview of the Explanation facilities window in the Display Material Cost Estimate app. To display the respective information, choose either Costing Variant or Costing Sheet.

Log in to track your progress & complete quizzes