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.
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.
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.
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.
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.
Cost
Allocation Plan