To effectively plan production costs, you know that guesswork and projections arent enough. Optimize your production processesand increase profitabilitywith this guide to production variance analysis in SAP S/4HANA. Start with the planning basics, and then perform costing runs and create cost estimates. See how to post actual costs with the Universal Journal, analyze variance during period-end processing, and assess scrap. Get details on SAP Fiori apps for reporting and the road ahead for variance analysis in this comprehensive resource! In this book, youll learn about:a. Product Costing Compare planned versus actual costs in SAP S/4HANA. Walk through key product master data, and then create standard, preliminary, and mixed cost estimates. Post actual costs and analyze them using the Universal Journal and SAP Fiori apps. b. Variance Calculation Analyze variance at period-end close. Follow step-by-step instructions to configure and perform production variance analysis for the cost center, purchase price, and scrap. See how the Material Ledger and actual costing impact variance analysis. c. ReportingExplore your reporting options for production variance analysis in SAP S/4HANA: analysis reports, detailed reports, line item reports, production order reports, and cost center reports. Highlights include:1) Cost estimation 2) Actual postings 3) Product cost analysis 4) Period-end close 5) Variance configuration 6) Cost center variance 7) Purchase price variance 8) Scrap variance 9) Universal Journal 10) Material Ledger11) Reporting

John Jordan is the founder and principal consultant at ERP Corp, which provides SAP consulting and training services, particularly in the area of financials and controlling. He has written articles for the SCM Expert and Financials Expert newsletters, and is the author of SAP PRESS books Product Cost Controlling with SAP and Controlling with SAP: 100 Things You Should Know About....