Costing of project ovetime hours solution

we are implementing Self Service Time and Oracle Projects. All time will be captured in SST, including hours worked beyond 40 hours required for salaried employees. We need to ensure the ovetime hours are not costed to ensure labor cost capitalized in the project will reconcile with the GL. An employee may work on multiple projects during a day or week, etc.
Does the employee have to make the decision as to which hours are ovetime with a separate labor expenditure type class of overtime to be able to cost the hours at zero ovetime multiplier?

We are currently evaluating Projects and the Oracle Sales Team who did the demo for us stated that we could only have one rate per employee, and that the SST "out of the box" would not support any type of "overtime" calculations. This was disappointing since, to us, the use of simple multipliers was all that was needed. However, they did say they could write "extensions" which could be made to handle the situation.

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