QuickBooks Job Costing – Defines the cost per device per hour

Determining the number of hours and hours of each plant or equipment owned by the company and used in the work area is a great way to understand the actual cost of a machine, even even for its own recovery. Once you receive this information, you can improve the accuracy of your bidding, bookkeeping, and machine costs in your accounting software, and identify ways to maximize costs during the year.

Equipment and machines for hourly costs are calculated by including three different types of information:

1. How much is it to charge or rent (cost per hour)
2. What does [19645004] [karbantartási költség óránként]
3. 1. Calculation of Acquisition Costs (ACPH)

   Formula: Share the total amount paid interest) with the number of life expectancy hours.

   Example:

   21 "rotary lawnmower purchase price: $ 1,100.00

   Inquiry No

   Life expectancy: 750 hours (2.5 hours / day, 5 days week / 30 weeks / year for 2 years) [19659002] Rescue Value: None

   Hourly Purchase Cost: $ 1,100.00 divided by 750 hours = $ 1.47 per hour

   2. Maintenance Hourly Cost (MCPH)

   Example: [19659002

   Cost of maintenance per hour: $ 600.00

   Maintenance cost per hour:

   $ 600.00 Divided by 750 hours = 0.80 hours per hour

   3. Running time fuel consumption per hour (RT / FC CPH)

   Formula: Determine how long a gallon of fuel per machine will be charged every day
   Example:

   Cost per Fuel $ 2.50

   Run time fuel consumption per hour: $ 2.50 divided by 2.5 hours = $ 1.00 per hour

   Total cost per hour: $ 1.47 $ 1.00 Running Time Fuel Consumption Hourly Cost (RT / FC CPH)

   $ 3.27

   Let's look at another example, this time defining the cost per hour (ACPH) $ 0.80 Maintenance Hourly Cost (MCPH)

   a compact tractor per hour.

   $ 23,000.00

   $ 5,000.00

   Return Rate: $ 8,000.00

   Lifetime: 3000 hours (300 hours per 10 years)

   19659002] Fuel Price: $ 2.50 per gallon

   Hourly fuel consumption: 1.5 gallon

   Revenue per hour (ACPH): ($ 23,000.00 $ 5,520.00 – $ 8,000.00 = $ 20,520.00)

   $ 20,520.00 divided by 3000 hours = 6, 84 $

   Cost per hour (MCPH): $ 18,000.00 divided by 3000 hours = $ 6.00

   Price / hour CPH: $ 2.50 divided 1.5 hours = $ 1.67

   Total Cost Per Hour: $ 6,84 $ 6.00 $ 1.67 = $ 14.51

   Notes [19659038]: Distributor must have lifecycle maintenance costs and fuel consumption data. If you buy the equipment you are using, use the "new" purchase price. Total hourly costs are generally the same for new and used equipment and the useful life, repair, and maintenance costs can be more easily determined for new equipment. The new purchase price automatically adjusts the rates of inflation and price increases. Rented machines can be calculated on the basis of the same formulas and the life expectancy, lifetime maintenance, and fuel prices in the shorter term.

   You can upload the tank to determine the fuel cost and share the charge price with your entire running time.

   Even if you want to estimate your estimates by hours of work, the Cost-per-Hour method means that you underestimate the under-estimation or overestimation of the actual equipment cost of the available work.

   Cost-based data can be verified in several ways:

   1. Compare your hourly rates with your local rental company. Reduce your rent by 40-50% to remove markings. Your prices should be reasonably close to the heads.
   2. Contact your local dealer for maintenance costs, production speeds, fuel consumption, life time, etc. Check.
   3. Please contact the local Ministry of Shipping (DOT) manuals with maintenance CPH data and often share these numbers for comparison.

   Reduce the number of billing hours:

   1. Take advantage of the multiple units offered by each vendor.
   2. Contact your local distributor for new engine technology.
   3. Use CPH calculations to better understand which piece of equipment reduces on-site running costs over time.

   You can also use cost-per-box (ECPH) equipment to better understand which equipment or brand devices can reduce on-site operational costs. By comparing the purchase price of several different units with long-term variables, such as annual maintenance costs and serviceability, production rates, fuel costs, etc., ECPH will help you verify the truth of what you pay .

   Armed with the knowledge about the number of hours of equipment, hence its accounting program and cost calculation. This will help you take out "guesswork" from your future bidding and increase your business results.

   Know your hourly equipment costs, use QuickBooks to track these costs when calculating the job cost. Download our free 17-page e-book: "Advanced Job Costing" by clicking .

   Source by sbobet