Show TOC
Cost Object
Controlling
Product Cost
Controlling (CO-PC)
Area within cost accounting that assigns costs
incurred in a company to the activity units of the company.
This information is used as a basis
for:
- Comparing actual costs against planned
costs
- Target/actual comparisons
- Valuating inventories of semifinished products
and finished products
Cost Object Controlling also supplies data to
other components in the R/3 System, such as:
- Actual Costing/Material Ledger
Product Cost
Controlling (CO-PC)
Assigns costs that were incurred in a company
to the activity units of the company (such as products, product lines, or
orders).
This information is used as a basis
for:
- valuating stocks of semifinished products,
finished products, and company facilities for the commercial balance sheet and
the tax balance sheet
- calculating the cost of goods sold of the
activities sold, in order to plan and control the profit for the
period