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Revaluation of Actual Prices error- CON1

former_member228896
Participant
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Dear Experts,

Im getting below error when I execute CON1 ( Rev of Actual Prices)

Prior to the error , I maintained following settings for activity type and planned Prices.

Kindly let me know what addl config and actual data to be maintained for calculating actual prices

Currently I maintained Activity prices

In KL01 (14xx) - I maintained Activity Unit - Min

Cctr Categories - "1" Production

AType Category - "1"

Allocation Co Element - 95xxxx ( category -43)

In KP26

Cost Center - 111xxx

Activity Type - 14xx

Dis "2"

Unit "MIN"

Planned Variable costs "100" Shillings

Error

Revaluation at actual prices not possible in version 0, fiscal year 2011

Message no. KI760

Diagnosis

A revaluation for actual prices is not possible since this function is not available in version 0 in fiscal year 2011.

Procedure

Maintain the corresponding indicator in your version.

Advance Thanks

Sanjai

Accepted Solutions (1)

Accepted Solutions (1)

vivek_srivastava12
Active Contributor
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Dear,

Please check whether you have maintained version 0-->Price Calculation tab for Setting in Fiscal year

Plan

Method: Periodic Price

Actual

Method: Periodic Price

Revaluation: Own Business transaction

T-Code: OKEQ

Br,Vivek

former_member228896
Participant
0 Kudos

Hi Vivek,

Thank you.

What is the implication if we maintain Average price instead of Periodic Price.

Plan

Method: Average Price (instead of Periodic Price)

Actual

Method: Average Price ((instead of Periodic Price)

Revaluation: Own Business transaction

Further May I also know what all the transaction settings to be done

In addition to maintaining KP26 - Plan variable prices?.

and in KL01 , I have maintained

Allocation default Values - Act Type Category "1"

Thanks

Sanjai

ajaycwa1981
Active Contributor
0 Kudos

Hi

Avg Price means system will calculate Average of all monthly actual prices and then revaluate the prod orders with avg price... This results in Over / Under absorption each month... However, on a YTD basis (Year to Date), it is fully absorbed

Periodic price is preferred when your cost incurring pattern is more or less uniform...

Seasonal Industries should have avg price

br, Ajay M

former_member228896
Participant
0 Kudos

Thanks Ajay,

Further, to execute CON1, what all the config & transaction settings to be done.

I have already maintained below , in addition to OKEQ price calculation

Maintained KP26 - Plan variable prices.

In KL01 , I have maintained

Allocation default Values - Act Type Category "1"

When I executed CON1, revaluations executed, where can I see the entries and impact?

Regards,

Sanjai

vivek_srivastava12
Active Contributor
0 Kudos

Hi,

the Actual Price Indicator in KL02 should be 5.

br,Vivek

ajaycwa1981
Active Contributor
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Check in CO03

br, Ajay M

former_member228896
Participant
0 Kudos

Dear Experts,

Can someone explain me the procedure of CON1,

For Ex: Actual Activity Price of Direct Labour is say $12 per hour and the planned activity prices is say $10 per hour.

Query

1. Where these actual activity price of $12 per diriect labour hour is entered ? can the system calculate automatic actual prices? if yes what is the procedure

2. When CON1 is executed ,what is the entry that is posted to Product cost collector and the cost center .

Kindly let me have your inputs

Thanks

Sanjai

ajaycwa1981
Active Contributor
0 Kudos

Hi

Actual price can be entered in KBK6 or calclated via KSII

Upon revaluation, cost center gets credited with secondary cost ele in Activity master and Prod order gets a debit

Sorry to say, but these are basic questions not supposed to be asked as per forum rules

br, Ajay M

former_member228896
Participant
0 Kudos

Thanks Ajay, the issue is resolved

former_member228896
Participant
0 Kudos

Thanks Ajay, the issue is resolved

Answers (0)