In this guide, we will explore the process of product costing using SAP S4HANA. We will discuss the different cost elements involved, such as material costs, labor costs, and overhead costs. Additionally, we will provide examples and step-by-step instructions on how to set up and execute product costing in SAP S4HANA. By implementing these strategies, businesses can gain a deeper understanding of their product costs and make informed decisions to optimize profitability and competitiveness.