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What is an itemization?

What is an itemization? Here are some definitions.

Noun
  1. The act of making a list of items; an itemizing.
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In the standard system, an itemization is always created for the standard cost estimate for a material.
In this case the itemization is determined dynamically when the total variance is calculated.
If the controlling area currency is different from the company code currency, the itemization will be updated in both currencies.
The itemization contains detailed information based on the costing lot size, such as the materials to be used and the activities to be performed.
You can create your own display variants to be able to see other information in the itemization.
The expense side of the budget should show actual expenses and give an itemization of any large amounts.

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