Overhead Expense And Percentage Methods a Lecture On the Cost of Doing Business
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To quickly assess the difficulty of the text, read a short excerpt:
H. X. And not to figure on any average estimated by some one else. That is guess work.
PERCENTAGE METHODS 55 Regarding Work Taken on Percentage Basis.
Question I did a job last summer for a large manufacturing concern on a 10% basis. The firm paid all material bills monthly and furnished the money for the pay roll weekly. All I had to do was to check up the pay roll every week and check up the bills for material which was all done on the job. I claim that inasmuch as I had no carting or any oth...er expenses and inasmuch as my time weekly for as many hours as I spent on the job was included in the payroll, I had absolutely no overhead expense on the job and my percentage was a net profit of 10% on the cost of the job. Am I right?
Answer This job is one that not only paid 10% on the cost of the operation (not of the job), but through the manner in which it was carried out lowered your overhead percentage.
How much was your last year's business in- cluding this particular job? About $18, 000.
What to read after Overhead Expense And Percentage Methods a Lecture On the Cost of Doing Business?
You can find similar books in the "Read Also" column, or choose other free books by Henry F Baillet to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
H. X. And not to figure on any average estimated by some one else. That is guess work.
PERCENTAGE METHODS 55 Regarding Work Taken on Percentage Basis.
Question I did a job last summer for a large manufacturing concern on a 10% basis. The firm paid all material bills monthly and furnished the money for the pay roll weekly. All I had to do was to check up the pay roll every week and check up the bills for material which was all done on the job. I claim that inasmuch as I had no carting or any oth...er expenses and inasmuch as my time weekly for as many hours as I spent on the job was included in the payroll, I had absolutely no overhead expense on the job and my percentage was a net profit of 10% on the cost of the job. Am I right?
Answer This job is one that not only paid 10% on the cost of the operation (not of the job), but through the manner in which it was carried out lowered your overhead percentage.
How much was your last year's business in- cluding this particular job? About $18, 000.
What to read after Overhead Expense And Percentage Methods a Lecture On the Cost of Doing Business?
You can find similar books in the "Read Also" column, or choose other free books by Henry F Baillet to read onlineMoreLess
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