The Standard Unit Cost Asset Cost Allocation Method

A standard unit cost is defined for an asset book and asset category combination.

When you use this method, Oracle Projects multiplies the standard unit cost times the actual units based on the asset book and asset category of each asset, and it determines the proration basis for allocating costs. For more information on the standard unit cost method, see What's a standard unit cost method?

The use case for Standard Unit Cost is when customers would like to use a standard defined cost when determining project cost allocations.

For guidance on how to specify the asset cost allocation method for a project, see the Specifying Asset Cost Allocation Methods While Setting up a Project section in the Asset Cost Allocation Methods topic.

To manage standard unit cost, the project manager navigates to the Projects > Assets > Side Panel Drawer > Manage Standard Unit Cost page to define the cost per unit by Asset Book and Asset Category combination.

Say a project manager needs the following assets for a project:

Standard Unit Cost: Project Asset Details

Asset	Asset Book	Asset Category	Qty	Asset Cost Allocation Method	Cost Per Unit	Total Cost	Prorate %
Tennis Rolling Machine 1	Operations Corporate Book	VO Standard	2	Standard Unit Cost	22,000.00	44,000.00	57.895%
Tennis Rolling Machine 2	Operations Corporate Book	VO Luxury	1	Standard Unit Cost	32,000.00	32,000.00	42.105%
					54,000.00	76,000.00	100.00%

Notice how the asset category associated with each asset is different, and how the number of assets required is also different for each asset. The costs per unit is different as well, and the overall percentage of cost associated.

Standard Unit Cost: Create Project Assets

For each asset, the project manager captures the following details, among others:

Asset Name: The name of the asset.
Book: The name of the asset book associated with the asset.
Asset Category: The name of the asset category associated with the asset.
Actual Units: The number of units of that asset required for the project.

The Total Asset Cost field is a read-only rendition of the costs associated with two units of the asset that the project manager selected.

The project manager similarly adds details associated with the second asset.

Once the process completes, the project manager reviews the project asset lines generated (Projects > Assets > Manage Capital Projects > Search > Actions > Manage Asset Lines) to check whether the imported project cost has been distributed as expected. They see that two asset lines are generated for the imported project cost, and the values in the Split Percentage column is as specified in the Prorated Percentage column in the table above.

Standard Unit Cost: Assign Project Assets to the Project or its Tasks

Because these assets were defined and assigned at the project level, there are no task-level assignments.

Standard Unit Cost: Create and Collect Project Costs

Now that assets are associated with the project, the project manager can start importing costs and allocate them to the assets associated with the project.

Say the project manager imports and adds a cost of $1000 to the project. To view the imported cost:

The project manager navigates to Projects > Costs > Side Panel > Manage Project Costs and searches for imported costs by project.
From the search results, they click the Transaction Number associated with the imported cost. The Project Cost Transaction page appears. They click the Costing tab to view cost details.
The project manager selects the Line Number associated with the cost and clicks View Accounting to view details associated with the imported cost.

Standard Unit Cost: Generate Asset Lines

The project manager now runs the Assets > Panel Drawer > Generate Asset Lines process.

Standard Unit Cost: Review Asset Lines

Note that the calculated amount of the asset lines is exactly as expected.

Standard Unit Cost: Prorated Allocated Amounts

Asset	Split Percentage	Project Expenditure	Allocated Amount
Tennis Rolling Machine 1	57.895%	$1.000.00	$578.95
Tennis Rolling Machine 2	42.105%	$1,000.00	$421.05
Totals	100.00%		$1,000.00

Standard Unit Cost: Transfer Assets to Oracle Assets

Once the project manager is ready to transfer these asset lines to Oracle Assets, they use the Projects > Assets > Side Panel Drawer > Transfer Assets to Oracle Fusion Assets process to transfer these asset lines to Oracle Assets.