The Cost Markup Library allows administrators to setup lists of standard cost markups. These lists can then be applied to work order resources, like employees, which in turn provide more accurate cost analysis for tasks.
Cost markups allow administrators to add overhead costs to work order tasks. For example, an employee makes $10 an hour, but on top of that there are taxes that the agency has to pay, and insurance. So an administrator creates a markup record with a 2% tax rate and $3 dollars per a hour for health insurance. This cost markup is applied to the employee's record. The employee works 5 hours on a task.
$10 base pay x 5 hours = $50
$10 x .02% tax x 5 hours = $1
$3 insurance x 5 hours = $15
$50 base pay + $1 taxes + $15 insurance cost = $66 actual cost
So while the employee is paid 50 dollars for their work, they actually cost 66 dollars.
Cost List Items grid
This grid contains a list of cost markups that are applied in a group. This list can be manually populated with records or it can be loaded with items from another cost markup list from this module.
A sample of the grid appears below.
Right-click in the grid to add a record
Right-click on an existing record to get a menu with options to View Record, Add Record, Edit Record, Delete Record, or Load Cost Markup List.
Double-click on an existing record to open it
At the bottom of the grid there are reorder arrows. Select a checklist item in the grid and use the up down arrows to change its positions in the checklist.
Enter a name in the Cost Markup Name field. This field is required.
Save the record.
Right-click in the Cost Markup Items grid and select Add Record. The following window will appear
The Cost Markup can either be a Percentage OR a Flat Rate.
Enter a Percentage as whole number (2 or 5). This markup is calculated through (Percentage/100) x Default Unit Cost on Resource Record x Units on the resource record.
Enter a Flat Rate as a whole number.
Select whether the Flat Rate will be calculated by filling out the Calculate On field.
When 1 Units is selected the markup is calculated through Flat Rate x Resource record's Units field + Resource record's Total Cost field.
When 2 SubTotal is selected the markup is calculated through Flat Rate + Resource record's Total Cost field.
Save and Close the markup record.
The item will automatically be added to the Cost Markup List.
Right-click in the Cost Markup Items grid and select Load Cost Markup List. The following pop-up will appear with a list of other lists from this module
At the bottom of the grid there are reorder arrows. Select a checklist item in the grid and use the up down arrows to change its positions in the checklist.
How To Create and populate an Cost Markup List
