The Cost Markup Library allows administrators to establish lists of standard cost markups. These lists can then be applied to Work Order Resources, such as Employees, which can, in turn, provide more accurate cost analysis for tasks.
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.
Cost List Items Grid
This grid contains a list of Cost Markups that are applied as a group. Users can manually add items to the list or load items from another Cost Markup list from this module.
A sample of the Cost List Items grid appears below.
Right-click in the grid to add a record.
Right-click on an existing record for options to View Record, Add Record, Edit Record, Delete Record, or Load Cost Markup List.
Double-click on an existing record to open it.
Reorder arrows appear at the bottom of the grid. Select an item in the grid and use the up or down arrow to change its position in the checklist.
Right-click in the Cost Markup Items grid and select Add Record. The following window appears:
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 on Resource Record x Units on theResourcerecord.
Enter a Flat Rate as a whole number.
Select how 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 Units field + Resource record's Total Cost field.
When 2 - SubTotal is selected, the markup is calculated as Flat Rate + Resource record's Total Cost field.
Save and close the markup record. The item is now added to the Cost Markup List.
appear at the bottom of the grid. Select an item in the grid and use the up or down arrow to change its position in the checklist.
Example
