Which of the following statements are true regarding Product Cost - ProProfs Discuss
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Which of the following statements are true regarding Product Cost Controlling? In Product Cost Controlling you estimate material prices.



A. Marking a price estimate leads to an update of the current price in the material master.
B. Releasing a price estimate leads to an update of the future price in the material master.
C. For marking a price estimate the cost estimate Must be free of errors and marking of the price estimate Must be allowed for the particular company code, the period and the particular valuation variant.
D. A standard cost estimate can only be released once a period.
E. The price estimation procedure uses the routing and the BOM of a material to estimate the costs of production of one unit of the material.

This question is part of 10 Management Accounting
Asked by Dbv_rulez, Last updated: Jun 25, 2019

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1 Answer

John Smith

John Smith

Answered on May 01, 2017

For marking a price estimate the cost estimate must be free of errors and marking of the price estimate must be allowed for the particular company code, the period and the particular valuation variant.
A standard cost estimate can only be released once a period.
The price estimation procedure uses the routing and the BOM of a material to estimate the costs of production of one unit of the material.
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