printTHINK Webinar: Calculating Your Budgeted Hourly Cost Rates

In today’s economy, it is essential to know your true costs so you can produce accurate estimates, make better pricing decisions, improve competitiveness, and increase sales and profits. This workshop will teach you how to determine the minimum budgeted hourly cost rate you must charge for production equipment and services in order to break-even or recover your out-of-pocket costs. You will learn industry best practices for accounting for all costs in your estimates, markups, costing reports, and job profitability reports.

What Attendees Will Learn?

• 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
• What manufacturing, overhead, 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