This product or service is called a deliverable. Where appropriate, you can record information about the deliverables in your project. Tip: This article is part of a series of articles within the Project Map that describe a broad set of project management activities.
Kâs Premier Cabinets uses job costing to calculate the cost of jobs as they are completed. The company estimates that it will have $1,250,000 in overhead costs in 2015. The company believes that employees will work 200,000 hours and that 150,000 machine hours will be used during 2015.
Job average labor rate. The job average method is one way of determining the labor rate for a job. This method requires you to anticipate the job crew, their skills, and their wage for the duration of the job. To determine this rate, calculate the number of persons on the job and their average rate.