Maintaining overhead rates for labor costing

Select “Maintain Overhead Rates for Labor Costing” activity under the “Account Group” business component.

The “Maintain Overhead Rates for Labor Costing” page appears.

The system displays the following:

Base Rate for Labor Costing

The base rate for computing labor cost. The system displays the following values based on the parameter 'Base Rate for Labor Costing based on’ defined in the “Set Options” activity.

'Standard Job / Skill Rate', if the parameter is set as ’0’.
‘HRMS Base Rate’, if the parameter is set as ‘1’.

Overhead % Basis

The basis for defining overhead percentage. The system displays the following values based on the parameter 'Overhead % applicability on Base Rate’ set in the “Set Options” activity.

'Not Applicable', if the parameter is set as ’0’.
‘Home Cost Center’, if the parameter is set as ‘1’.
‘Home Dept.’, if the parameter is set as ‘2’.

Enter the following in the “Search Criteria” group box:

Search on

Use the drop-down list box and select “Cost Center” or “Department” to retrieve the search results. The system lists the values based on the ‘Overhead % Basis’.

If ‘Overhead % Basis’ is ‘Not applicable’, values are not listed in the drop-down.
If ‘Overhead % Basis’ is ‘Home Cost Center’, the system lists and defaults ‘Cost Center’.
If ‘Overhead % Basis’ is ‘Home Dept.’ the system lists ‘Department’ and ‘Cost Center’ and defaults ‘Department’.

The system loads the second drop-down list box based on the value selected in the first drop-down list box.

Effective on

The date on which the Overhead rate is effective. The system defaults the current date.

Overhead Type

Use the drop-down list box and select the Overhead type. The system lists all the Overhead Types defined in the under the entity ‘Labor Costing Overhead Type’ in the “Quick Codes” business component, along with ‘ALL’.

By default, the system displays ‘ALL’.

Click the “Search” pushbutton.
Enter the following above the multiline in the “Overhead Rates” section:

Effective From Date

The date from which the Overhead rate is effective. Mandatory.

Enter the following in the “Overhead Rates” multiline:

Description	The description will be based on Overhead Rates at Home Department or Home Cost Center.
Overhead Type	The Overhead type for labor costing.
Overhead %	The Overhead percentage for labor costing.

The system displays the following:

Effective from	The date from which the Overhead rate is effective.
Effective to	The date until which the Overhead is effective.
Created by	The login ID of the user who created the record.
Created Date	The date on which the record was created.
Last Modified by	The login ID of the user who last modified the record.
Last Modified date	The date on which the record was last modified.

Click the “Save” pushbutton to save the overhead rate details.