Costing versions enable you to create multiple cost estimates for the same material and analyze the different results in the information system.
When you cost materials, the costing variant you specify defines various control parameters for costing.
Because the costing variant contains all parameters for costing, it can be time consuming to create new costing variants every time you want to make minor changes in the control parameters.
The costing version enables you to simulate such changes without having to create new costing variants.
You can make the following changes:
Costing versions 1 is the default in the application.
You can update to the material master record the results of a standard cost estimate that was calcuated using any costing version. The system uses the costing version that was defined through the combination of valuation variant and costing type.
If you make the entries and also cost run schedule headers, add the costing types for repetitive manufacturing under version zero and do not maintain any further fields for these entries. This assures consistency when you cost different versions in repetitive manufacturing.