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4 Ways Job Cost Accounting Can Increase Your…

Phil Puccio

Burdened payroll costs include markup/profit

Another way project managers can avoid a common job costing pitfalls is to use burdened, rather than unburdened, payroll costs. A burdened billing rate covers gross wage, labor burden, overhead and still leaves enough for profit. Payroll is the gross pay that you pay an employee, plus all the costs associated with paying that employee, including your profit.

For example, suppose someone is making $25 per hour gross wage. On average, this works out to about $50 per hour as a burdened rate. Typically, your markup is probably at least 100%, or double, the hourly unburdened rate.

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