Product Cost Controlling (CO-PC) deals with estimating of what will cost to produce a product of service.
CO-PC is divided into two major areas:
i. Cost of materials
ii. Cost of processing
With CO-PC, you will be able to calculate:
a. Cost of goods manufactured (COGM)
b. Cost of goods sold (COGS)
CO-PC is tightly integrated with Production Planning (PP) and Materials Management (MM), Besides FI.
The functionality helps to:
• Calculate Standard Costs of manufactured goods
• Calculate the Work-in-Progress (WIP)
• Calculate the Variances, at period-end
• Settlement of product costs
Note that CO-PC deals only with the production costs.
CO-PC is divided into two major areas:
i. Cost of materials
ii. Cost of processing
With CO-PC, you will be able to calculate:
a. Cost of goods manufactured (COGM)
b. Cost of goods sold (COGS)
CO-PC is tightly integrated with Production Planning (PP) and Materials Management (MM), Besides FI.
The functionality helps to:
• Calculate Standard Costs of manufactured goods
• Calculate the Work-in-Progress (WIP)
• Calculate the Variances, at period-end
• Settlement of product costs
Note that CO-PC deals only with the production costs.
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