Pricing Administration Guide > Creating and Using Cost Lists > The Process of Implementing Cost Lists >

Creating the Cost List Line Item Records

You must add a line item to the cost list for each product or service in the cost list. The cost list line item has specific information about the cost of that product or service.

You can enter four costs for each product, using the four cost methods described in About Cost Lists. Which one of these four cost methods is used depends on which cost method you choose in the Cost List record.

If the line item is a resource that bills by the hour, you can also enter a standard overtime rate and extended overtime rate for the resource. For example, you would do this if you are a temporary employment agency that places employees whom you pay by the hour and whom you must pay overtime if they work more than forty hours a week.

This record is only used for the direct cost you pay for the product. Indirect costs associated with the product are entered later.

To create a cost list line item

1. From the application-level menu, choose View > Site Map > Pricing Administration > Cost List.
2. In the Cost Lists list, select the cost list to which you want to add a line item.
3. Click the Cost List Line Items view tab.
4. In the Cost List Line Items list, click New.

   The Add Internal Products dialog box appears.

5. In the Add Internal Products dialog box, you can use a Query or Find to locate the product you want to add to the price list. Select the product record and click Add.
6. Complete the fields in the Cost List Line Item record, as described in Table 8.

   Table 8. Cost List Line Item Fields

   Field	Explanation
   Product	The name of the product or service that you selected from the Add Products dialog box is automatically entered here.
   Part #	The part number of the product or service that you selected from the Add Products dialog box is automatically entered here. This number uniquely identifies the product or service.
   Standard Cost	Enter the standard cost, described in About Cost Lists.
   Last Cost	Enter the last cost, described in About Cost Lists.
   Next Cost	Enter the next cost, described in About Cost Lists.
   Average Cost	Enter the average cost, described in About Cost Lists.
   Standard OT %	If the product is a resource that bills by the hour and qualifies for overtime pay, enter the standard overtime rate as a percentage of the base rate. For example, if the resource gets time and a half for overtime, enter 150.
   Extended OT %	If the product is a resource that bills by the hour and qualifies for overtime pay, enter the extended overtime rate as a percentage of the base rate. For example, if the resource gets double pay for extended overtime, enter 200.