4 Ways Job Cost Accounting Can Increase Your…

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Phil Puccio

Charged labor costs include surcharge / profit

Another way project managers can avoid common pitfalls in avoiding job costs is to use charged, rather than unencumbered, pay slips. A charged payroll rate includes gross wage, workload, overheads and still leaves enough for profit. Payroll is the gross wage you pay an employee plus any costs associated with paying that employee, including your profits.

Suppose someone makes $ 25 gross an hour. On average, this results in a charged rate of about $ 50 per hour. Typically, your markup is likely to be at least 100% or double the hourly no-load rate.

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Original Source: https://www.viewpoint.com/blog/job-cost-accounting-increase-profit-construction-project
Category – Construction

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