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 FI Company Configuration Guide [OX15]
The smallest organizational unit for which individual financial statements are created according to the relevant legal requirements. A company can include one or more company codes. The definition of the company organizational unit is optional. A company’s financial statements also form the basis of consolidated financial statements. All of the company codes within a company …