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Price Update - CK24

The document outlines the steps to mark and release a standard cost estimate in SAP. It involves using transaction code CK24, entering the posting period, company code, plant and materials. The standard costs are first marked to show as future estimates, then released to make them the current estimates visible in the material master. The process involves 6 steps of entering details, executing to view results, releasing, and verifying the released estimates.

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Benhur Leo
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693 views12 pages

Price Update - CK24

The document outlines the steps to mark and release a standard cost estimate in SAP. It involves using transaction code CK24, entering the posting period, company code, plant and materials. The standard costs are first marked to show as future estimates, then released to make them the current estimates visible in the material master. The process involves 6 steps of entering details, executing to view results, releasing, and verifying the released estimates.

Uploaded by

Benhur Leo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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The following are the steps to be followed to Mark and release a standard cost estimate:

The transaction code for Mark & Release of standard cost estimate is CK24.
On execution of transaction CK24 the following is the screen available before you.
STEP 1: Enter the details of the posting period, company code, plant and the materials for which the standard cost estimate is to be
marked and released.
Points and tips to be remembered:
1. While running the standard cost estimate for an FG the cost estimate of its SFG attached in the BOM is automatically run.
Whereas the Mark and release of standard cost estimate is to be done for each material i.e. each material is to be entered in the
screen. Anyhow they can be entered collectively.
2. The list of SFG materials under an FG can be listed down from CS12 (BOM explosion) transaction by entering the FG material,
plant and BOM application as BEST. Copy the SFG materials from it and enter them in the CK24 screen.
3. If the marking is going to be carried out for the same month the marking allowance tab is to be clicked.
4. Remove Test run indicator before executing the transaction.
Here for example material 1000309 is taken.

STEP 2: On clicking the EXECUTE key the below mentioned screen is before you showing the details of the materials marked. After
viewing click the back key.

STEP 3: After marking and coming back to initial screen click on Release tab as follows to bring the release screen.

STEP 4: The below mentioned screen is available before you. Check the transaction description message Price update: Release
Standard price.
Now click on the execution key.

STEP 5: The list of materials for which the standard cost estimate is released is shown on execution.

STEP 6: Check in Costing 2 view of material master for the released standard cost estimate for the current period.
Points to remember:
1. No released cost estimates are available until marked and released.
2. When the cost estimate is marked the standard cost is available as future cost estimate only. Only after release it is available as
current standard cost estimate.

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