Releasing Standard Cost Estimates 

Purpose

You can transfer the results of the standard cost estimate as the current standard price in the material master by releasing the standard cost estimate.

You can release the following:

Prerequisites

The cost estimate has been marked.

If you release a standard cost estimate for a material, the marked price is transferred into the material master record as the current standard price for the current period. This price is then active for external accounting.

Releasing a cost estimate can only be done once in a period. It cannot be reversed. For this reason you should check your future standard price beforehand and compare it with the current standard price. For more information, see the Product Cost Controlling Information System under Reports in Product Cost Planning.

Process Flow

Marking enables the results of the standard cost estimate to be updated as the future standard price in the material master. Releasing a standard cost estimate enables the future standard price to be updated as the current standard price and the current planned price in the material master. At that time, the stock value of the material is changed and the new standard price for valuating material movements is active.

See also:

Manual Changes to the Standard Price