Assign a Periodic Adjustment Factor to an Overhead Method

After you set up a periodic adjustment factor and change its status to Active, you can assign it to one or more overhead methods.

Simply assigning a periodic adjustment factor to an overhead method doesn’t adjust the percentage or rate that the method uses for the overhead calculation. Before you run the process to calculate overhead charges with the overhead method, you must run the process to determine the adjustments you want to apply to the overhead method. See Apply Periodic Adjustments to an Overhead Method for more information.

1. Access the Joint Venture Overhead Methods application and open the overhead method that you want to assign the periodic adjustment factor to.

   The overhead method must be in Editing status to update it.

2. In the Periodic Adjustment Factor area, select the periodic adjustment factor that you want to assign to the overhead method.

   The list displays only active periodic adjustment factors. If you don’t see the periodic adjustment factor, make sure that its status has been set to Active.

   The adjacent fields are read only. They provide you with the following details:

   • Last Processed Date – The date that the periodic adjustment factor was last used to calculate overhead charges.
   • Last Factor Date – The date in the adjustment factor that was last used to adjust the overhead calculation.
   • Last Factor Percentage – The percentage in the adjustment factor that was last used to adjust the overhead calculation.
3. Set the overhead method status to Active.
4. Click Save.