Calculating overtime cost for manual overtime hours entered on timecard.
I hope someone will be able to assist me with the calculation of overtime based on manual overtime hours entered on the timecard.
The Oracle Project Implementation guide states that "If your employees enter overtime hours manually, use the Overtime Cost Multipliers region to assign cost multipliers to overtime expenditure types. When a costing method of Rates is selected and a transaction is charged to an expenditure type that has an assigned multiplier, the multiplier is applied as labor costs are calculated."
I have defined the expenditure types and cost multipliers as stated. I assume one needs to define 2 labour costing rules. The first one of costing method "Standard" for your straight time, etc. cost calculations. I then assume you need to create a second costing method to deal with the overtime expenditures and multipliers and that this costing rule should use a COSTING METHOD of "Rates"?