Can changing the Resource Group settings for Split Burden and Burden EQLabor effect standard costs? Or does it only pertain to how data collection is posted?
That only changes your estimate, not the actual standard cost. For that to affect your cost you need to do a cost rollup that updates the calculation.
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Thanks for your response Juan. I understand a cost roll-up would need to be done, but if a cost roll-up is done, would the standard costs change just by changing Split Burden / Burden = Labor / Use Estimates. If so, how?
Your standard costs would not change BUT your actual costs will change.