Price Update

Purpose

Once you have carried out a cost estimate for a material, you can transfer the costing results to the material master as prices (see graphic).

You can update the results of the various material cost estimates, depending on the purpose of costing , in selected price fields in the material master :

Price fields in the material master

Cost estimate

Future and current standard price

Standard cost estimate (see Updating the Standard Prices )

Commercial or tax-based prices 1-3

Inventory cost estimate (see Tax-Based Prices and Commercial Prices )

Other planned prices 1-3

Modified standard cost estimate, current cost estimate, standard or inventory cost estimate (see Update of Other Planned Prices )

Prerequisites

The Saving allowed indicator has been set for the costing variant. For more information, see Saving the Costing Results .

The setting has been made in the costing type specifying that the costing results can be updated in the material master.

  • Indicator Standard price :

    The costing results can be updated as the standard price in the material master.

  • Indicator Tax-based price or Commercial price :

    The costing results can be updated as the tax-based or commercial price in the material master. In such cases, the determination of lowest value applies. This means that the prices are only updated if they represent the lowest value.

  • Indicator Price other than standard price :

    The costing results can be updated as planned prices, or as tax-based or commercial prices in the material master. Here, however, the "determination of lowest value" principle does not apply when updating the tax-based or commercial prices.

  • Indicator No updating

    It is not possible to transfer the costing results to the material master.

For more information, see Costing Sequence and Preparation for Material Costing and also the Implementation Guide (IMG) for Product Cost Planning

Integration

First, you can update the costing results in the material master. Second, within the cost estimate you can access the various prices in the material master in order to valuate the materials for the cost estimate (see graphic). You can specify these prices from the material master in the valuation variant in Customizing, and use them in further cost estimates, such as inventory prices for inventory cost estimates. You can find further information under Valuation of Materials .

You can also use the costing results in other applications. For more information, see Purpose of Product Cost Planning and Information for Other SAP Applications .

You can cost three parallel values (legal valuation view, group view, profit center view). You can update the results of all three valuation views. For further information about multiple valuation approaches, see Multiple Currencies and Valuations for Materials under Actual Costing/Material Ledger (CO-PC-ACT).

See also: