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Valuation variant - Material Valuation strategy

Hi,

I have the following strategy sequence for material valuation in the std costing variant

1. Planned Price 1

2. Standard Price

3. Moving Average Price

Could someone tell what are the pros and cons of having this strategy sequence. When would one use price from purchasing info record as the top strategy? Is having the price from purchasing info record as the top option, the best one?

Thanks for your help

Ram

Former Member
Former Member replied

Hi Ram

You can revise planned prices after 6 months again thru MR 21

OR other option

Create a costing variant only for updation of planned prices, this is a work around

1) in the material valuation strategy for this variant give moving average price as first priority. System will find a price

2) In the update parameters, enter planned price 1.

Do costing run for raw materials. You can call this costing variant as RM costing variant

3) After this you run your normal standard cost estimate - costing variant thru costing run which updates the revised planned prices to standard prices and posts revaluation entries

Costing level by level means

Performing costing run level wise. You can set this in costing run. Your understanding is perfect

Again - pls assign points - thnx for assigning points to earlier clarifications.

Hope u noted my mail id

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