Calculating Your Budgeted Hourly Cost Rates Seminar

In today’s economy it is essential to know your true costs so are more competitive on the desirable work and avoid the less lucrative work. This workshop will teach you how to develop and calculate hourly cost rates of your production equipment and employees.

You will learn how to distribute 100 percent of your expenses among your cost centers so that your costs are fully absorbed in your estimates, actual costs, and pricing. All participants will receive forms and a spreadsheet that can use to develop your own hourly cost rates. In this workshop you will learn:

What Attendees Will Learn?

In this seminar attendees will learn the following:

• What budgeted hourly rates (BHR’s) are and their purpose

• How to develop BHR’s for your company

• The components of budgeted hourly rates

• What not to include in your BHR’s

• Where to get the information and numbers

• Example prepress, press, and finishing BHR’s

• How to use BHRs for pricing and job costing

• How to cost out fully depreciated and paid for equipment

• Software and publications are available to help you develop BHR’s

• What indirect, direct, manufacturing, all inclusive, and value added costs are

• How to implement and phase in your updated BHR’s

• When and why you should keep your BHR’s updated

Example Budgeted Hourly Cost Rates Analysis Report for a commercial printing company

Who Should Attend?

Principles, managers, financial officers, estimators, cost accountants, billing personnel, department managers, or anyone wanting to improve estimating, pricing, and costing skills