Common Terminology
This section contains an alphabetical list of terms that are common in Internal Costing and a definition for each one.
Cost Allocation PlanCost Allocation Plan
This term refers to the use of Internal Costing to calculate overhead based on task order and task chart-of-accounts.
Equipment UsageEquipment Usage
Recording the usage of equipment (e.g., Using a tow truck).
A fixed rate is one that is constant throughout and not dependent upon usage (e.g., monthly rate for insurance). This rate can only be used for Equipment.
Internal VendorInternal Vendor
The Internal Vendor is considered the seller or provider and may be selected for those items that should generate revenue entries to the owner accounting distribution (e.g. equipment or a lab) for the amount of usage.
Intra/Inter Costing TransactionsIntra/Inter Costing Transactions
Inter and intra transactions are determined by comparing the chart of account codes specified on the Internal Vendor Accounting Data reference page between the buyer and seller Lines. If the codes match, then the transaction is considered an Intra-costing transaction. If different, then the transaction is considered Inter-costing.
Recording hours worked by employees to specific accounting distributions. The associated labor cost can then be calculated using standard rate. That cost may be different than the actual costs incurred as part of payroll processing.
Materials TestingMaterials Testing
The costs associated with testing materials in a lab can be submitted through the Internal Costing to appropriately charge the entity(s) requesting the test with a possible reimbursement to the entity performing the test.
A standard rate is one applied to equipment based upon usage (e.g., cost per mile for usage).
Usage Class is the connection to setup on the various Internal Cost Rates made on the Internal Costing Transaction in order for later system processing.
The term Usage Group is a broad classification of internal usage types pre-defined Labor, Mileage, Equipment (ID Required), Equipment (ID Optional) and Materials Testing, Interfaced Labor, Retroactive, Adjustment, Interfaced Mileage/Other, and Interfaced Equipment/Material.
The Usage Type is a sub division of Usage Groups. Usage Type is a configurable list and can be configured by making changes directly into the CVL_USG_TYP database table.
