| # Standard Labor (tppdm0511m000) Use this session to list standard labor cost objects, which you can define and modify in the Standard Labor (tppdm0111s000) session. Related topics Using standard cost objects To use project-specific cost objects Using labor rates 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. Trade Group The trade group that is expected to carry out the labor defined in the cost object. Description The description or name of the code. Control Code Labor The control code of the labor. Control Function The control function of the labor. Allowed values Control Function Cost Component The cost component linked to the labor cost object. Cost Rate Unit The unit used to express the cost rate of the labor cost object. Time Unit The unit of time used to express the labor hours. Norm The number of hours required to execute one unit of this labor cost object. The norm is used in the actual budget to determine the number of hours on a budget line.
    Number of hours = Quantity x Norm
Cost Rate The labor cost rate, per unit, for the labor cost object. Currency The currency that the cost rate is expressed in. Cost Rate Transaction Date The last date that the cost rate was changed. Sales Rate The sales labor rate per unit, for the labor code. Currency The currency that the sales rate is expressed in. Sales Rate Transaction Date The last date that the sales rate was changed. Register Progress If this check box is selected, the progress for the labor cost object for the duration of the project is recorded. 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 Lines) (tpptc2111m000) session. Billable If this check box is selected, the labor cost object can be invoiced to the customer. Text If this check box is selected, a text is present. |