Entering Information for Calculating Overhead Using the Day Rate Method

When you select the day rate method in the Overhead Method drop-down menu, the system displays the Day Rate subform.

To enter information for the day rate method:

1. Complete the required Default Day Rate field.

   Enter the default day rate that the system uses to calculate the overhead for all operational statuses of the Joint Venture or Business Unit.

   If you want to specify an operational status that needs to have a different day rate than the one specified as the default rate, then enter these operational statuses under the Exception Operational Status with the specific amounts.

2. On the Exception Operational Status By section of the subform, select either the joint venture or the business unit option. By default, the joint venture option is selected.

3. Optionally you can complete these fields:

   • Operational Status

     Select the operational status from the Operational Status drop-down list.

   • Day Rate

     Enter a day rate to calculate the overhead at the specified operational status.