Professional Documents
Culture Documents
6C
Benefits
During the actual period standard costs are available at the time of billing -> short term profitability information available At period end actual costs are calculated in the Material Ledger and transferred to CO-PA -> In a closed period actual costs are available Easy way of comparing standard costs and actual costs and the impact on profitability
Prerequisites
Material Ledger active Actual Costing active actual cost component split only available for materials with periodic settlement
standard price during period determination of periodic unit price at period end option to revaluate ending stock