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How is the labor cost calculated on profitability reports?

April 26, 2017calculated COST labor profitability reports

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How is the labor cost calculated on profitability reports?

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The labor cost is calculated with the standard cost rates that are set up in the Staff file. When time sheets are added, the standard cost rate in the Staff file is multiplied by the number of hours on the time sheet. The cost amount is included in the labor cost on the job ticket.