I felt kind of frustrated to understand the concept.
Can someone help explain the calculation for the period cost , especially what it means here.
In summary - months with no defined period costs will roll “backwards” to the last one that was defined. If there is no prior period cost, the months will be rolled “forward” to the next one that has been defined. If a period cost has not been defined for any months, reporting in RCE will not be available for the program.
The URL you shared provides a very good illustrated explanation of how period costs are calculated and attributed. Where is your confusion or what are you not understanding.
Hi Floyd,
Yeah after reading it several times, my questions were solved, thank you.