There are actually three different types of cost models in M3 BE, each one used for a specific purpose:
|Costing model||This costing model calculates the cost for purchased items and distributed items. It is simply called costing model in M3 BE.||'Costing Model. Open' (PPS285)|
|Product costing model||
This costing model calculates the standard cost of manufactured products. It reuses the purchase/distribution cost calculated by the costing model above.
The product costing model is built out of costing components and costing elements, the equivalents to costing elements in the costing model.
|'Product Costing Model. Open' (PCS025)|
|Sales costing model||This costing model calculates sales prices in a sales price list. It reuses values created by the two other types of costing model.||'Sales Costing Model. Open' (OIS022).|