Calculating unit costs by method

The system uses the method assigned to each cost item for each cost pool to determine which cost calculations to perform to obtain the total cost per cost item. The Unit Cost Calculations page allows you to calculate all unit costs based on GL allocations for a cost set and reconcile the results.

To calculate unit costs:

1. In the Guide View, click Unit Cost Calculations.

   

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2. From the Select a Cost Set drop-down, select a cost set to calculate.

3. In the Select Cost Methods section, select one or more cost methods to use to calculate the cost items.

   NOTE: If the method you want to use does not display, you need to go to the System Configuration page to select the method.

4. Click Run Now.