fully-burdened labor cost Archives - Build Your Numbers

fully-burdened labor cost

Labor Profit Tip #5: The Secret to Making Better Hiring Decisions

by Diane Gilson, Certified Advanced QuickBooks ProAdvisor

Labor Burden Information Tip #5: Make Better Hiring Decisions by Thoroughly Understanding Potential Additional Costs Bad hiring decisions can have a devastating effect on your bottom line, so you want as much objective data at […]

Labor Profit Tip #4: How You Can Stop Labor Over-Runs Before They Get Out of Control

by Diane Gilson, Certified Advanced QuickBooks ProAdvisor

Labor Burden Information Tip #4: Make an Immediate Impact on Your Bottom Line by Heading off Labor Over-runs Before They Get Out of Hand. HOW? Regularly review and compare actual burdened job costs to your […]

Labor Profit Tip #3: Your Gross Profit numbers may be misleading

by Diane Gilson, Certified Advanced QuickBooks ProAdvisor

Labor Burden Information Tip #3: To See Accurate Job-Cost Reports, Assign Labor Burden Costs to Each Job. If you’re looking for ways to make your company more profitable, getting a handle on your fully burdened labor […]

Labor Profit Tip #2: How To Make Sure You Always Hit Your Profit Goals

by Diane Gilson, Certified Advanced QuickBooks ProAdvisor

Example calculations illustrate that, even when employees are paid the same amount, different fully-burdened labor rates combined with different gross profit targets can make a large difference in hourly billing rates and annual profits.

For More Accurate Job Estimates, Include Fully-Burdened Labor Costs for Each Employee

by Diane Gilson, Certified Advanced QuickBooks ProAdvisor

What Will The Labor on That Job REALLY Cost? Without Fully-Burdened Labor Cost Info, You May Be Surprised… If you’re not using fully-burdened labor costs on jobs, you may find that your estimates aren’t as […]

Manufacturing Overhead: How to Calculate Labor Cost by Job

by Diane Gilson, Certified Advanced QuickBooks ProAdvisor

To calculate Manufacturing Overhead by Job, be sure to include these labor costs Manufacturing direct labor costs vs. manufacturing overhead labor:  what’s the difference?  And which should you include in your costing and pricing models? […]