Labor Progress Entry Revisions Form
- Activity
Enter the cost code and cost type that make up the labor account.
- Threshold
Enter the value entered in the Job Master Revisions form for the job specified.
- Budget Quantity
Enter the sum of the revised budget ledger units for the header account that is assigned computation method H.
- Budget Hours
Enter the sum of the revised budget ledger units for the detail labor accounts.
- Budget Cost
Enter the sum of the revised budget ledger amounts for the detail labor accounts.
- Budget Hourly Rate
Enter the budget cost divided by the budget hours.
- Budget Unit Rate
Enter the budget cost divided by the budget quantity.
- Budget Productivity
Enter the budget hours divided by the budget quantity.
- Actual To Date Quantity
Enter the actual units from the header account.
- Actual To Date Hours
Enter the sum of the actual units from the detail accounts.
- Actual To Date Cost
Enter the sum of the actual amounts from the detail accounts.
- Actual To Date Hourly Rate
Enter the actual cost divided by the actual hours.
- Actual To Date Unit Rate
Enter the actual cost divided by the actual quantity.
- Actual To Date Productivity
Enter the actual hours divided by the actual quantity.
- Earned Hours
Enter the budget hours multiplied by the percent complete, the hours that should have been expended on the task to date.
- Earned Cost
Enter the budget cost multiplied by the percent complete. the costs that should have been expended on the task to date.
- Variance To Date Hours
Enter the difference between the actual hours and the earned hours.
- Variance To Date Cost
Enter the difference between the actual cost and the earned cost.
- Current At Completion Quantity
Enter the projected final (estimate at complete) units for the header account. For method H, the projected final units always equals the sum of the revised budget ledger units.
- Current At Completion Hours
Enter the projected final (estimate at complete) hours for the detail accounts.
- Current At Completion Costs
Enter the projected final (estimate at complete) cost for the detail accounts.
- Current At Completion Hourly Rate
Enter the projected final (estimate at complete) costs divided by the projected final (estimate at complete) hours.
- Current At Completion Unit Rate
Enter the projected final (estimate at complete) costs divided by the projected final (estimate at complete) quantity.
- Current At Completion Productivity
Enter the projected final (estimate at complete) hours divided by the projected final (estimate at complete) quantity.
- Ext. Variance To Date Hours (extended variance to date hours)
Enter the difference between the projected final (estimate at complete) hours and the budget hours for the labor account.
- Ext. Variance To Date Cost (extended variance to date cost)
Enter the difference between the projected final (estimate at complete) costs and the budget cost for the labor account.
- To Date PF: Hours (to date performance factor hours)
Enter the actual hours divided by the earned hours.
If the performance factor hours equals 1.00, productivity equals 100 percent of the budget.
If the performance factor hours exceed 1.00, productivity is less than 100 percent of the budget.
If the performance factor hours are less than 1.0, productivity is greater than 100 percent of the budget.
- To Date PF: Cost (to date performance factor cost)
Enter the actual cost divided by the earned cost.
If the performance factor cost equals 1.00, productivity equals 100 percent of the budget.
If the performance factor cost exceed 1.00, productivity is less than 100 percent of the budget.
If the performance factor cost is less than 1.0, productivity is greater than 100 percent of the budget.
- To Date PF: Average (to date performance factor average)
Enter the average of the performance factor cost and performance factor hours (PF hours + PF cost / 2).
- To Date Breakeven Point
Enter the specific point in time for a job when all budgeted labor costs will be expended. The system calculates this number using the formula 1 / To Date PF: Cost * 100.
If the breakeven point equals 100 percent, the budget has been expended.
If the breakeven point is less than 100 percent, the budget has not been expended.
If the breakeven point is greater than 100 percent, the task is over budget.
- To Completion PF: Hours (to completion performance factor hours)
Enter the performance factor hours that are necessary to equal the value of the At Completion PF Hours field.
- To Completion PF: Cost (to completion performance factor cost)
Enter the performance factor cost that is necessary to equal the value of the At Completion PF: Cost field.
- To Completion PF: Average (to completion performance factor: average)
Enter the average of the To Completion PF: Hours and To Completion PF: Cost (PF hours + PF cost / 2).
- To Completion Quantity
Enter the difference between the projected final (estimate to complete) quantity and the actual quantity. This is the number of units required to equal the value in the At Completion Quantity field.
- To Completion Hours
Enter the difference between the projected final (estimate to complete) hours and the actual hours. This is the number of hours required to equal the value in the At Completion Hours field.
- To Completion Cost
Enter the difference between the projected final (estimate to complete) cost and the actual cost. This is the amount required to equal the value in the At Completion Cost field.
- To Completion Hourly Rate
Enter the value of the To Completion Cost field divided by the value of the To Completion Hours field.
- To Completion Unit Rate
Enter the value of the To Completion Cost field divided by the value of the To Completion Quantity field.
- To Completion Productivity
Enter the value of the To Completion Hours field divided by the value of the To Completion Quantity field.
- At Completion PF: Hours (at completion performance factor hours)
Enter the projected final (estimate at complete) hours divided by the earned hours.
If the performance factor hours equals 1.00, productivity equals 100 percent of the budget.
If the performance factor hours exceed 1.00, productivity is less than 100 percent of the budget.
If the performance factor hours are less than 1.0, productivity is greater than 100 percent of the budget.
- At Completion PF: Cost (at completion performance factor cost)
Enter the projected final (estimate at complete) cost divided by the earned cost.
If the performance factor cost equals 1.00, productivity equals 100 percent of the budget.
If the performance factor cost exceed 1.00, productivity is less than 100 percent of the budget.
If the performance factor cost is less than 1.0, productivity is greater than 100 percent of the budget.
- At Completion PF: Average (at completion performance factor average)
Enter the average of the At Completion PF: Hours and At Completion PF: Cost (PF hours + PF cost / 2).
- At Completion Quantity
Enter the projected final (estimate at complete) units for the header account. The value of this field is always equal to the value of the Budget Quantity field; therefore, if you enter projected final quantities, the system automatically updates the revise budget ledger quantity amount. The system generates a journal entry in the Account Detail table (F0911) to the ledger type specified in the Budget Ledger Type field.
- At Completion Hours
Enter the projected final (estimate at complete) hours for the detail account.
- At Completion Cost
Enter the projected final (estimate at complete) costs for the detail account.
- At Completion Hourly Rate
Enter the projected final (estimate at complete) cost divided by the projected final (estimate at complete) hours.
- At Completion Unit Rate
Enter the projected final (estimate at complete) cost divided by the projected final (estimate at complete) quantity.
- At Completion Productivity
Enter the projected final (estimate at complete) hours divided by the projected final (estimate at complete) quantity.
- At Completion Breakeven Point
Enter the specific point in time for a job when the projected final labor costs will be expended. The system calculates this number using the formula: 1 / At Completion PF: Hours * 100.
If the breakeven point equals 100 percent, the projected final (estimate at complete) cost has been expended.
If the breakeven point is less than 100 percent, the projected final (estimate at complete) cost has not been expended.
If the breakeven point is greater than 100 percent, then the task is over the projected final (estimate at complete) cost.
- Final Variance Hours
Enter the difference between the budget hours and the projected final (estimate at complete) hours.
- Final Variance Cost
Enter the difference between the budget cost and the projected final (estimate at complete) cost.
- Final Variance Hourly Rate
Enter the difference between the budget hourly rate and the projected final (estimate at complete) hourly rate.
- Final Variance Unit Rate
Enter the difference between the budget unit rate and the projected final (estimate at complete) unit rate.
- Final Variance Productivity
Enter the difference between the budget productivity and the projected final (estimate at complete) productivity.