This document provides a basic overview of standard costing in SAP, explaining the flow of cost settings and various configurations. It summarizes the six main tabs in a standard cost estimate: 1) Costing Data, 2) Costing Dates, 3) Quantity Structure, 4) Valuation, 5) History, and 6) Costs. For each tab, it highlights some of the key settings and how they contribute to the standard cost, such as material, overhead, and labor costs. The document is intended as a beginner's guide to understanding standard cost estimates and the configurations that determine the costs.