This activity is used to define cost types for each cost category. Cost types are used to categorize all transactions that are recorded on the complex assembly work order.
A cost type belongs to one of the following predefined MRO (Maintenance Repair Overhaul) cost categories: Material, Labor, Machine, Overhead, Purchase, Tools Equipment, and Other. For the Material category, you can define several cost types by combining the values of the following fields: Ownership, Condition Code and Life Limited.
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As a result of this activity, the cost type is defined for each cost category.