Estimates the cost and time for operations where labor standards are used. Minutes per first unit and minutes per repeat unit are time standards.
Operation Setup Requirements:
- Description
- Rate: Cost per hour
- Sell $ use: Markup % (recommended), alternate sell rate or sell grid
- Calc: 2
- Sub Key: Labor
- Minutes First: Minutes to make first unit
- Minutes Repeat: Minutes for each additional unit
- Set units to: Option to default units to pre-assigned number, pages, sheets, form quantity, etc.
Estimate Specification Input Prompts:
- Units (not editable if set to pages, sheets, form quantity, etc.)
- J%
- Remarks
- Memo
Calculation:
Minutes First + ((Units - 1) x Minutes Repeat) = Standard Minutes
Standard Minutes / 60 x J% = Estimated Hours
Estimated Hours x Rate = Cost $
Cost $ x Markup % = Markup $
Cost $ + Markup $ = Sell $