is it possible to create seprate Cost element for expense item in oracle fusion

Summary:

Hi,

In OSP operation, We are using OSP item and RM to produce end product. we are planning to bring RM in Material cost element and OSP item in Different cost element Type. Is it possible to add new cost element type ?

Alternatively, is there any method to include the OSP item as a separate cost element rather of putting it along with the resource, material, or overhead?

Thanks in advance

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