Define Cost Object Profiles for Cost Object Hierarchies

Here you create cost object profiles for cost object IDs in a cost object hierarchy . The entries in the cost object profile appear as the following default values when you create a cost object ID:

This contains the parameters that control the calculation of production variances.
The Variance key field is only displayed in the cost object master record if you set the Variances indicator for cost object category.
If you intend to calculate variances only for the cost object hierarchy and not for orders, specify a variance key for the cost object node. If you also want to be able to calculate variances at the order level, specify a variance key in the order. If you want to calculate variances at order level even though the material is assigned to a cost object hierarchy, set the indicator Order-rel., repet., and process mfg in the cost object category for cost object hierarchies.
This contains the parameters that control the calculation of overhead.
The Costing sheet field is only displayed in the cost object master record if you set the Overhead indicator for the individual cost object category.
A costing sheet can be linked to an overhead key. This allows you to calculate a percentage rate for overhead that is only valid for a specific cost object ID.
The Overhead key field is only displayed in the cost object master record if the Overhead indicator is set for the individual cost object category.
This determines the following (among other things):
If you intend to distribute the actual costs entered at the level of the hierarchy to the assigned orders, do not specify a settlement profile for the hierarchy. Settlement is carried out through the assigned orders.

Requirements

If you intend to use your own variance keys, costing sheets, and settlement profiles, process the following steps first:

Standard settings

The standard system contains predefined cost object profiles.

Actions

1. Check whether the predefined cost object profiles meet your requirements.
2. To create a new cost object profile:
a) Choose New entries.
b) Enter a key for the cost object profile and give it a name.
c) Enter the default values according to your requirements.