Defining and maintaining standard costs based on resource rates (learning budgets only)
Note: Not applicable if you
are using Infor Learning Management.
Use this cost to define a resource-rate standard cost.
On a development activity, a resource-rate standard cost displays with a zero rate and a number of units equal to the number of hours specified for the development activity. The rate itself is calculated when the cost is associated with a resource by way of a resource development activity request. On the development activity request, the system pulls the rate from the resource's record. If the cost has a multiplier, the system multiplies the rate by the multiplier. The system also multiplies the resulting rate by the number of units on the development activity.