Set up the formulas for the indirect cost plan to calculate target rates. These formulas are used in the month-end rate update process and to create cost adjustments.

Standard procedure

1.	Go to Budgeting > Government contracting > Indirect cost plan.
2.	In the list, find and select the desired record.
3.	Click Edit.
4.	Click Formulas.
5.	Click New.
6.	In the Cost pool ID field, enter or select a value.
7.	Click New.
8.	In the Variable field, type a value.
9.	In the Type value field, type a value.
10.	In the Test value field, enter a number.
11.	In the Formula field, type a value.
12.	Click Calculate.
	Note: Note: the calculation result on this page is a simulated rate for testing and informational purposes only.
13.	Click Save.