Costing related information Oracle Payroll

Different types are

1) Costed

2) Fix Costed

3) Distributed

1) Costed

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When an element link is costed, then all five levels of costing are considered. It is important to note that this type allows you to use assignment level costing. This means you can split the run result values over more than one set of cost codes. This is done on the Assignment costing screen, you are able to enter percentages for specific sets of segments, the sum of these must be 100 percent.

2) Fix Costed

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Fix costed doesnt use assignment level and organization level costing.

3) Distributed

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A Distribution Set of elements is created(Element Set). Then this distribution set is linked at element link level.The element is then costed as a member of the distribution set, so the costing result is divided by the sum of the distribution set costings and multiplied by the number of members in the set.

Snippets from Oracle Help Page:
Select the Costable Type. The default is Not Costed, meaning that the system maintains no costing information for the element.

• To allow entry of costing information at all levels, including the assignment and element entry levels, select Costed This is the appropriate selection for most elements representing earnings types.
  
• If you do not need to cost the element at organization and assignment levels, select Fixed Costed. This is appropriate for some deductions, which are irrelevant to labor distribution analyses.
  
• If you want to distribute overhead costs (such as employer contributions to a pension plan) over other elements, select Distributed.Then select a Distribution Set.
  

Note: Some element classifications for your legislation may be predefined as Not Costed and you cannot override this.