Product Costing: Standard Cost Estimates

Keep this: job aid

Standard cost estimate checklist

• Ingredients: BOM, routing, component prices (valuation strategy), activity prices, overhead (costing sheet).
• Costing variant = costing type (what it may update) + valuation variant (where prices come from) + dates.
• Single estimate: CK11N to create, CK13N to display. Read itemization, cost components and the costing log.
• Status: KA costed without errors → VO marked → FR released.
• Costing run: selection, explosion, costing, analysis, marking, release. Repeat a step until clean.
• Marking = future price, no revaluation. Release = current price, stock revalued, once per period, open period (MMPV).
• Cost component split: material, overheads, labor, machine. Used later for COGS split and variance analysis.
• Test samples against independent calculations; full run: no errors, changes above threshold explained.
• Release test: new current price, previous price kept, revaluation = stock quantity × price difference.
• Evidence after release: CKM3 price change document per material, revaluation = stock × price difference (key UMB).