This activity is used to calculate historical period actual hours and estimate hours for work centers and labor classes including period's capacity as well. Actual hours are calculated from the labor and operation transactions. It will include all the transactions from the operation independently regardless of it is closed or not. The calculation is a help to calculate actual costs for work centers and labor classes. It can also be used to follow up actual hours and estimate hours over time.
The estimated hours are calculated from all closed operations that has transactions during the selected period. It includes estimated hours for both work centers and labor classes if there is any transaction for either the work center or the labor class. You can specify for which period you want to run the calculation. Period given should be either a historical period or a present period.
Note: Only closed operations in the period will be included when estimate hours are calculated. The estimate hours is based on the planned hours for labor and machine.
Work centers and labor classes should be entered manually in Work Center Cost by Period tab and Labor Class Cost By Period tab.
As a result of this activity: