The following provides an example of how costs are calculated using the Level of Effort algorithm.

1.       Using the Job Number created previously; select the radio button “Level of Effort”.

2.       Receive Asset 5500A-202 into the Servicing Lab by selecting the Receiving menu option and then Processing the Asset. Notice the Job Number is brought into the Receiving screen. Open the Work Order that was created.

3.       Entering a Service Date, Due Date, and complete the Work Order by creating a Log Note. Then select the Return button at the top of the screen.

·         The Return screen displays a cost of $75 which is derived from the ISO Cert Fee from the FundingExample procedure.

o Calculation = $75 (ISO Cert Fee)

·         Enter Labor of 2.5 hours using the Labor/Files tab. When the Return button is selected the Return screen displays $200 which is derived from the labor charge and the ISO Cert Fee.

o Calculation = 2.5 (labor hours) * $50 (customer Rate) + $75 ISO Cert Fee.