| # Standard Labor (tppdm0111s000) Use this session to create standard labor cost objects. Labor is one of the five cost types that Project uses to categorize cost objects. The currency used for the standard object is the reference currency of the logistic/operational company. If you link the standard object to a project, you can start using the currencies of the linked financial company. Related topics Currency systems To use standard cost objects To use project-specific cost objects Labor The code that identifies the cost object. Description The description or name of the code. Search Key The search key associated with the cost object. Control Code Labor The control code associated with the cost object. Control Code Labor The description or name of the code. Control Function Indicates the function of the cost object for cost control. A cost object can be defined as a control code for itself or for other cost objects. Cost Component The cost component associated with the cost object. Note You can use a cost component to create a cross view in your budget or cost control for cost objects that share particular characteristics. Cost Component The description or name of the code. Cost Rate The currency that the cost rate is expressed in. Cost Rate The cost labor rate per unit, for the cost object. Note If the reference activity is linked to a new labor code, ERP retrieves the Time Unit, Norm (duration of service) and Cost Rate values from Service. The Cost Rate = Cost amount/Norm. You can overwrite the value. If the reference activity is linked to an existing labor code, ERP asks you if you want to overwrite the values with the data of the reference activity. in Home Currency This field is only available if your company uses an independent currency system. Then the cost rate is expressed in the home currency. You can enter a new amount, regardless of the exchange rate between currencies. in Home Currency One of a company's base currencies in which LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: The local currency Two reporting currencies Cost Rate Transaction Date The last date that the cost rate was changed. If the reference activity is linked to the labor code, the date gets updated to the current date when you update the Cost Rate. Sales Rate The currency in which the sales rate is expressed. Sales Rate The sales labor rate per unit, for the labor code. in Home Currency The sales labor rate expressed in the home currency. in Home Currency One of a company's base currencies in which LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: The local currency Two reporting currencies Sales Rate Transaction Date The last date that the sales labor rate was changed. Unit The unit in which the cost object is measured. Unit The description or name of the code. Time Unit The unit of time. Note If the reference activity is linked to a new labor code, ERP retrieves the Time Unit, Norm (duration of service) and Cost Rate values from Service. The Time Unit is the duration unit of Service. You can overwrite the value. If the reference activity is linked to an existing labor code, ERP asks you if you want to overwrite the values with the data of the reference activity. Trade Group The trade group by which it is expected that the labor defined in this cost object will be executed. Trade Group The description or name of the code. Reference Activity The reference activity linked to the labor code. Use the Browse arrow to zoom to the Reference Activity (tsacm1101s000) session in LN Service. Note If the reference activity is linked to a new labor code, ERP retrieves the Time Unit, Norm (duration of service) and Cost Rate values from Service. The Time Unit is the duration unit of Service, Norm is the duration of the reference activity and cost amount is the cost amount of the reference activity. The Cost Rate = Cost amount/Norm. You can overwrite the Unit, Norm and Cost Rates values. If the reference activity is linked to an existing labor code, ERP asks you if you want to overwrite the values with the data of the reference activity. You can only link reference activities of the Field Service type or the General type that are not expired. Related topics Integration of Project with Service Reference Activity The description or name of the code. Norm The number of hours required to execute one unit of this labor cost object. This norm is used in the actual budget to determine the number of hours on a budget line. Number of hours = Quantity x Norm Note If the reference activity is linked to a new labor code, ERP retrieves the Time Unit, Norm (duration of service) and Cost Rate values from Service. The Norm is the duration of the reference activity. You can overwrite the values. If the reference activity is linked to an existing labor code, ERP asks you if you want to overwrite the values with the data of the reference activity. Time Unit The unit of the rate is always a time unit. Register Progress If this check box is selected, progress can be recorded for the cost object for the duration of the project. Related topics To use progress result Text If this check box is selected, the current cost object has an associated text that you can access by clicking the Text button. Used in Schedule If this check box is selected, the labor cost object can be used in an ESP (external scheduling package). You can change this setting again in the Schedule Link field in the Activity Budget (Labor) (tpptc2111s000) session. in Home Currency The description or name of the code. in Home Currency The description or name of the code. Print Standard Labor Starts the Print Standard Labor (tppdm0411m000) session. |