Related Topics
Use this section to learn more about calculations performed by Costpoint for hours-based cost pools.
Related Topics:
Calculations for Hours-Based Cost Pools
This topic describes the calculations performed by Costpoint when you use hours-based cost pools.
Example Calculations for Hours-Based Cost Pools
All computed invoices and revenue processing, where burden is applied, consider the composite rates developed for the hours-based cost pools. These processes multiply the hours-based composite rates (amount per hour) by incurred hours (eligible hours in Open Billing Detail and incurred or allowed hours in PROJ_SUM based on revenue formula) to get the amount of burden to recognize. If dollars-based cost pools also exist, Costpoint sums burdens from both types of cost pools and includes them in the calculation.