Standard Cost Calculation (BEG)

Standard Cost Calculation (BEG)

This process enables you to update standard costs for products as part of annual operations planning. The costs are entered manually, and the costing run is created and executed.

This scope item also supports parallel standard costing. 

Key Process Steps Covered

  • Enter activity price
  • Create costing run
  • Execute costing run

Benefits

  • Calculate standard costs annually to reflect the changes in prices of purchased parts, labor and overhead costs, and bills of materials and operations needed to manufacture semi-finished and finished goods

Where is Standard Cost Calculation(BEG) being used?

This Scope item is used in the following way:

  • As a management function of Cost Management and Profitability Analysis within Finance Scope Item Group

Process flow of Standard Cost Calculation (BEG)

Find below the process flow of the scope item Standard Cost Calculation as it is defined for release s4hc-2111.


Download Process Flow of Best Practice scenario Standard Cost Calculation (BEG) - S/4HANA Cloud
Ref: Finance of SAP S4HC-2111
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:
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