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price updating in material master

Former Member
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Hi, gurus,

i had some confusion on price updating in material master. how it will update in material price. what is the transcation code to update the price. and what future price, current price and previous price.

pl explain

thanqu

raj

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Answers (4)

Answers (4)

former_member184655
Active Contributor
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This message was moderated.

former_member184655
Active Contributor
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Dear Rajaramesh,

1.For all your ROH - Raw materials maintain price control indicator as V and enter the value as Planned

Price 1 and Planned Price Date 1 under Costing 2 View - Planned price tab.

2.For all your Inhouse manufactured semi-Finished(HALB) and In house manufactured Finished materials

(FERT) maintain price control indicator as S and dont enter any value directly in the accouting view.

Which means dont enter any price either in Accounting or Costing views.

3.For activity's cost(Operation Cost) comes via ---> work centre in which the operation is performed.

4.A cost centre and an activity type where a rate has been maintained for that cost centre and activity type

(T code KP26) will be linked to the work centre under costing tab.As per the operation time,the cost is

getting calculated.

6.Overhead cost is the indirect cost which's spent during production.

7.So when the cost rollup is taken using T code CK40N (or else using CK11N estimating & CK24 for

marking and release) all this cost gets added and the materials standard cost is

calculated and same is marked in Costing 2 view under Current Planned price column.

8.Standard cost estimate is done for FERT materials so that automatically the system does for Semi-

Finished products also.

9.For Eg: If you are doing CK11N T code alone for a material,then its the calculated/estimated cost

Again in T code CK24 ,if you do marking alone then the same value will be seen under Future column and

planned price column.and after release the same value can be seen along with the period under current-->

planned price column.

10.Instead of doing CK11N and then CK24,all the activities can be carried out using CK40N itself.

Regards

Mangalraj.S

Former Member
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Updating Material Price is calculating the New Standard price for the material, if there is change in the price of material bec of different reasons and updating this new price in the material master to value this material at the time of its movements.

This updating is required only for Assemblies and Finished goods.

For updating material price we need to:

1 Create Standard cost estimate for the material and then (CK11N)

2 It has to be marked and (CK24)

3 it should be Released (CK24)

For every material there are 3 fields for Material Price in Costing 2 view.

They are: Future Price, Current Price and Previous Price.

These all are Standard cost estimate prices.

Future Price means this is the Standard cost price which we created for the coming period and not released.

Current Price means this is the Standard cost price which we released and system is using for valuing the materials issue.

Privious Price means this is the Standard cost price which we used in the previous period.

I Hope Got...it

srinivasa_maruvada
Active Contributor
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Hi

Upload the price by using either BDC or by LSMW. The use MB1C for uploading Qty

Cheers

Srinivas