Difference between Planned cost..........
Hi PP Experts,
Can anybody please tell me what is difference between Planned cost & Actual cost.Where I can see this both cost.
R Brahmankar replied
The actual cost is the Cost of the material after the Production
Plan cost is the cost of material before the production.
Plan Cost = Planned Quantity X Planned Price
Actual Cost = Actual Quantity X Actual Price
Report :S_ALR_87013139 or go to CO02--Production order header menu go to
When order is created system posts planned costs to the order according to standard cost estimate of product, which uses the planned cost variant.
When the production is carried out Actual costs are posted to the order using Costing variant for actual. when order is completed system uses this two values to calculate the variance of production order. which can be settled to FI.
Hope clear to you.