Work order cost estimates
If one or more tasks have been added to the work order, the total estimated cost is also displayed in the Summary tab. The Cost Summary tab shows the total estimated cost and a breakdown of the estimated costs for different resources.
panel on theHow the estimated cost is calculated varies depending on the activity type and the information entered for the work order. If the work order has no tasks, Infor Public Sector estimates the cost based on the activity's standard work unit and activity cost and the work order's planned quantity.
The standard work unit for an activity provides a baseline for cost calculations, and the activity cost is the default cost per standard work unit. For example, if an activity has a standard work unit of 10 square feet and an activity cost of $250 per standard work unit, Infor Public Sector will estimate a work order's cost as $250 for every 10 square feet planned. If the planned quantity is 100 square feet, the total estimated cost will be $2500.
If the work order has one or more tasks, Infor Public Sector will ignore the activity cost and instead use the task costs to estimate the total cost of the work order. The calculation is still based on the standard work unit and the planned quantity, but in this case these values are applied to the standard resources defined for the tasks.
For example, suppose a task has a labor resource with a standard usage of 2 hours. The standard usage for each resource is measured against the standard work unit for the activity. If we continue with the previous example, this means that every 10 square feet of work requires an employee for 2 hours.
To estimate the cost for this resource, Infor Public Sector first uses the work order's planned quantity to determine the total number of hours the employee will be required. Continuing with our example, if the planned quantity is 100 square feet, then the employee will be required for 20 hours. Infor Public Sector then multiplies this value by the standard rate to determine the estimated cost of this labor resource.