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PcM > Finance > Flashcards

Finance Flashcards

1
Q

Direct salary expense

A

salary cost of hours charged to projects (billable hours)
(total salary / utilization ratio)

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2
Q

Utilization Ratio

A

direct salary expense / total salary expense (billable hours/total hours)

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3
Q

Net Multiplier

A

how much you need to multiply salary by cover operational costs and meet profit goals (used to determine billing rates)

Net multiplier = net operating revenue / total direct labor (salary) expense

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4
Q

Overhead Rate

A

Total Overhead / direct labor

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PcM (4 decks)

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