Calculate Actual and Estimate Hours
Explanation
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 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.
Prerequisites
N/A
System Effects
As a result of this activity:
- The system calculates and save the summarized actual hours, the summarized
estimate hours and the capacity for each work center and labor classes for the
selected period.
- The system updates these time values on the Actual Manufacturing Cost
Rates/Work Center Cost by Period and Actual Manufacturing Cost
Rates/Labor Class Cost by Period tab in IFS/Inventory.
Window
Actual Manufacturing Cost Rates
Related Window Descriptions
Calculate actual and estimate hours
Actual manufacturing cost rates
Procedure
- Open Calculate Actual and Estimate Hours dialog box.
- In the Company field, select the company for which you
want to run the calculation. Use List of Values to select from the available
companies.
- In the Site field, select the site for which you want to
run the calculation. Use List of Values to select from the available sites.
- In the Accounting Year/Period field, select the year and
period for which you want to run the calculation.
- Click OK.