After carrying out a cost estimate for a material without any errors, you can transfer the costing results to the material master as prices in SAP.
To set a new standard price in the material master, you must mark and release the standard cost estimate. You must first allow standard cost estimates to be marked and released in a company code.
When you mark a standard cost estimate for a material, the price calculated in the standard cost estimate is transferred into the material master record as the future standard price.
SAP CK11N Tutorial: Create Material Cost Estimate
The Material cost estimate is calculated for all the in-house manufactured products (finished goods and semi finished goods). The system accesses the Bill of Material and Routing or Master Recipe maintained by PP for the finished goods. It is used to calculate the cost of good manufactured and cost of good sold for each product …