How to Change Standard Price in Material Master

The standard price can not be updated directly.

One way to update the standard price is to fill the fields Future Price (MBEW-ZKPRS) and the Effective Date (MBEW-ZKDAT) for the material on the accounting view.

Next, go to Logistics -> Materials Management -> Valuation -> Valuation

Price Determination -> Future Price -> Activate

(TCODE MR2B, program RMMR2100)

Lastly, run the BDC that was created to update the standard price.