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Period end activites

Former Member
0 Kudos

Dear Sir,

Plz tell me the period end activites in CO step by step .

in product costing

Regards

Raj

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi,

In Product costing period end activities includes following :

1. How the work in process is valuated.

2. Whether scrap variances are calculated and how they are valuated.

3. How the variances are calculated

If you don't use a cost object hierarchy, you maintain the variance parameters for the product cost collectors.

If you are using a cost object hierarchy and distribute the actual costs collected for the cost object nodes to the assigned product cost collectors or manufacturing orders, you must maintain the variance parameters for the assigned orders (product cost collectors or manufacturing orders) and make sure that a variance key is defaulted into the master data of the order.

If you are using a cost object hierarchy and don't distribute the actual costs collected for the cost object nodes, you must maintain the variance parameters for the cost object hierarchy as a whole and make sure that a variance key is defaulted into the master data of the cost object hierarchy.

4. How settlement is performed

If you don't use a cost object hierarchy, you maintain the settlement parameters for the product cost collector.

If you use a cost object hierarchy and distribute the actual costs collected for the cost object nodes, you must maintain the settlement parameters for the assigned orders.

If you use a cost object hierarchy and don't distribute the actual costs collected for the cost object nodes, you must maintain the settlement parameters for the cost object hierarchy as a whole.

Former Member
0 Kudos

Hi Friends,

Another step missing in the response is

Calculation of Overheads

Awards Points Suitably

Best Regards

Surya

Former Member
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Sir,

At which level we do the revaluation of prices

Regards

Raj

Former Member
0 Kudos

Hi,

Revaluation of Activity prices takes place at the period end.

To my understanding of the Industry, not many people go for revaluation of prices.

Best Regards

Surya

Answers (0)