Hi to all

Can any one help me to create cost components? how we create it and use it effectively. If you have ready cost components please send it to me on vinodsgupta1@hotmail.com and vinodsgupta1@gmail.com

Thanks & Regards

Vinod Gupta

A cost component is a user-defined category for the classification of costs.
Cost components have the following functions:
To break down an item's cost price, sales price, or valuation price.
To create a comparison between the estimated production order costs and the actual production order costs.
To calculate production variances.
To view the distribution of your costs over the various cost components in the Cost Accounting module.
Cost components can be of the following cost types:
Material costs.
Operation costs.
Surcharges on material costs.
Surcharges on operation costs.
WIP transfer costs.
General costs.