Cost Markup Grid

Cost Markups allow administrators to add overhead costs to work order tasks.

Example

An employee makes $10 an hour; however, the agency has to pay taxes and insurance on top of his hourly rate.

To track these costs, an administrator creates a Cost Markup record with a 2 percent tax rate and an additional $3 dollars per a hour for health insurance. This cost markup is applied to the employee's record.

Now, let's say 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 for his work, the cost to the agency is actually $66.

1. Right-click in the Cost Markup grid and select Add Record. The following window appears:

   

2. The Cost Markup can either be a Percentage or a Flat Rate.
   • Enter a Percentage as whole number (e.g. 2 or 5). This markup is calculated as(Percentage/100) x Default Unit Cost x Norm:Units field.

     

   • 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 as Flat Rate x Resource record's Norm:Units field + Resource record's Norm:Total Cost field.

     

     • When 2 SubTotal is selected, the markup is calculated as Flat Rate + Resource record's Norm:Total Cost field.

     

3. Save and close the Markup record. The item is automatically added to the Cost Markup list.

Read only fields

1. Right-click in the Cost Markup Items grid and select Load Cost Markup List. The following pop-up appears with a list of other lists from the Cost Markup Library.

   

2. Highlight the desired list and click Select.
3. The list is loaded into the grid.