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.