What are types of costing available in maintenance order and how it works

Question

Accepted Answer

There are three types of costing available in maintenance order: planned costs, actual costs, and settlement costs.

Planned costs are estimated costs that are determined during the planning phase of the maintenance order.
Actual costs are the real costs incurred during the execution of the maintenance order.
Settlement costs are the costs that are settled from the maintenance order to other cost objects, such as cost centers or internal orders.
Planned costs and actual costs are recorded in the maintenance order itself, while settlement costs are transferred to other cost objects.
The costing process involves capturing and analyzing costs to determine the overall cost of maintenance activities.

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