Can anyone share the process or documentation on WORK ORDER Costing.. kindly help
Thanks in advance
There are 3 types of costs, estimated cost, planned costs and actual costs. When and where all these 3 types of costs recorded in SAP PM
1] Estimate Cost can be manually enter as estimation of copy same as Plan when release.
2] Planned costs are accumulated in the order when internal labour added or component assigned or external services added but planned cost freeze after the release of the order
3] Actual Costs are posted after the confirmations(goods issue, service entry sheet, time confirmations etc.,)
Now Costs are settled to the settlement rule to the respective cost centre or WBS or inter order mentioned(reference technical object or work centre cost centre), these costs are credited to order and debited from the cost centre.
Once Cost is settle then Cost on PM order will be Zero, now u can CLSD that order with Zero value.