Chapter 9 Flashcards
1
Q
ROI Markup
A
Markup = (Desired ROI % x Amount Invested) / Units Produced
2
Q
Time and Material Pricing Steps
A
1) Calculate Labour Charge
2) Calculate Material Markup %
3) Calculate Price Quote
3
Q
Labour Charge
A
(Total Labour Related Cost / Total Hours Worked) + Desired Profit per Hour
4
Q
Material Markup %
A
Material Markup = (Total Material Charges Charges) + Desired Material Profit Margin
