Standard Cost Scheme Details (ticpr0110m000)

	Standard Cost Scheme Details (ticpr0110m000) Use this session to display or maintain the detailed cost components that are linked to a specific chart. Related topics Cost components in Manufacturing Detailed cost component Standard Cost Component Scheme The code under which detailed cost components are collected. Cost Component A cost component is a user-defined category for the classification of costs. Cost components have the following functions: To break down an item's standard cost, sales price, or valuation price. To create a comparison between the estimated production order costs and the actual production order costs. To calculate production variances. To view the distribution of your costs over the various cost components in the Cost Accounting module. Cost components can be of the following cost types: Material Costs Operation Costs Surcharge on Material Costs Surcharge on Operation Costs WIP Transfer Costs General Costs Note If you use Assembly Control (ASC), you cannot use cost components of the General Costs type. Note Cost components in Manufacturing Cost Component Type The cost type defines the elements that make up the cost price and the valuation price. Cost types indicate the type of costs that must be posted to a cost component.