Manage Product Costing Manufacturing

Question 1

Condition
Records

Answer 1

Condition Records are pricing elements related to a Material.
Examples: Net Price, Freight, etc.

Question 2

Cost Element

Answer 2

Corresponds to a cost-relevant item in the chart of accounts. It
represents the nature of cost.

Question 3

Material Master

Answer 3

Material Master is the main record for a material used in SAP. It
represents core information about the business—such as
materials, customers, suppliers, and the relationships between
them. Each of these domains of master data represents
information that is needed across different business processes,
across business units, and applications. In essence, master data
defines an enterprise.

Question 4

Purchasing Info
Records (PIR)

Answer 4

In the standard SAP purchasing info record is maintained as a
source of information for Purchasing. It contains some of the
information from material master and some of the information
related to its supplier/vendor.

Question 5

Source List

Answer 5

The Source List defines a source of supply as “fixed vendor” at
Plant level. Such sources count as preferred sources over a
certain period of time

Question 6

Material

Answer 6

Material is any item Alcon buys, sells, warehouses, or produces.
Warehouse staff typically perform goods receipts

Question 7

Standard Cost

Answer 7

is the planned cost of a specific material based on which inventory valuation will be carried out during an accounting period. *These costs are reflected as Cost of Goods Sold (COGS) in the Alcon Profit and Loss (P&L) statement.PIR and Source List and Mixing RatioStandard Cost Costing RunAPMR Cost and BOM ReportBOM, Routing and Activities Overhead and Additive Costs