What is cost base in SAP (CO-PC - Product Cost Controlling)?

SAP Term: cost base

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A quantity on which the displayed costs are based.

AnswerBot for ERP

• Key Concepts: 
  Cost base is a term used in SAP's CO-PC Product Cost Controlling component. It is a method of calculating the cost of a product or service based on the cost of the materials, labor, and overhead used to produce it. The cost base is determined by taking into account all of the costs associated with producing the product or service, including direct and indirect costs. 
  
  How to use it: 
  In SAP's CO-PC Product Cost Controlling component, cost base is used to calculate the cost of a product or service. This calculation is done by taking into account all of the costs associated with producing the product or service, including direct and indirect costs. The cost base can then be used to determine the price of the product or service. 
  
  Tips & Tricks: 
  When calculating the cost base for a product or service, it is important to take into account all of the costs associated with producing it, including direct and indirect costs. This will ensure that the cost base is accurate and that the price of the product or service is set correctly. 
  
  Related Information: 
  For more information on SAP's CO-PC Product Cost Controlling component and how to use cost base to calculate the cost of a product or service, please refer to SAP's official documentation.