Standard costs of the asset are recorded using the Standard Costs option located under the Attached Records of asset definitions browsers.
Standard asset cost is recorded by selecting organizational unit and period. When standard cost is selected, standard cost records defined for the relevant asset are listed. New standard cost information is entered in empty line.
Unit / Division: Organizational unit / division code for which the standard cost amount will apply. Defined units are listed and the relevant definition is selected.
Period Code / Description: Period for which the standard cost amount will apply. Periods are recorded using the Periods option located under System Settings > Definitions > Asset Management menu. Standard cost periods are listed and the relevant period is selected.
Sub-Period: Sub-period for which the standard cost amount will apply. Sub periods are listed and the relevant period is selected.
Unit Cost: Unit cost amount which will apply for the specified organizational unit and period.
Unit Cost (RC): Unit cost amount in reporting currency which will apply for the specified organizational unit and period.
RC Exchange Rate: Used to enter exchange rate in reporting currency.