Assigning standard costs to activities

  1. Select Learning and Development > Catalog > Activities And Sessions.
  2. On the Activities panel, open the activity to update.
  3. Click the Standard Costs tab.
  4. Click the Helper List icon to view the available standard costs.
  5. Select the standard costs applicable to the activity and click Create Activity Standard Cost.
    Note: You can select standard costs in multiple currencies.

    The total of any standard costs that are flagged as Include In Catalog is displayed in the catalog, provided they are all in the same currency.

  6. If any of the costs are activity specific, marked with a red indicator, specify the cost rate in the Activity Specific Rate column.
  7. To change the number of units for any cost, specify the number of units in the appropriate field.
  8. Specify the Effective Date of the cost and click Submit
  9. Click Save.

    Updating or deleting standard costs:

    Note: You cannot modify the total cost of a standard cost. If you modify the number of units, the system recalculates the total cost. For activity-specific costs only, you can modify the activity-specific rate.

    • To modify the number of units for a standard cost, click the cost in the Units column, specify the unit number, and click Save. Specify an effective date when prompted.

    • To modify the Active status of a standard cost, click the cost in the Active column, select the Active status (Yes or No), and click Save. Specify an effective date when prompted.

    • To delete a standard cost, highlight the standard cost, click Delete, and click Yes to confirm. Specify an effective date when prompted.