Standard Price Change in Material Master
At the time of implementation the standard price of material is uploaded wrongly due to which MAP shows wrong value of Material.
Is there any way to correct this.
As far as I know the difference between MAP and standard price should not be huge unless material price is increased sharply.
Please let me know the way to correct this.
There are two fields in the MR21 tarnscation
1. New price
2. New statistical price.
for New price , Price at which a material is valuated:
Materials with price control S are be valuated with the standard price.
Materials with price control V are valuated with the moving price (moving average price/periodic unit price).
for New statistical price, Statistical material price that has no infulence on the valuation:
For materials with price control S this price is the moving price (moving average price/periodic unit price).
For materials with price control V this pirce is the standard price.