Report needed, Can you help?

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1
Our Accounting firm agrees with your superior, we had to come up with an
average labor rate for all shop employees. In our old system we used a
formula and each person had their own rate, I personally think that would be
the accurate way to go. Sorry, guess that's not much help!

-----Original Message-----
From: dmann@... [mailto:dmann@...]
Sent: Monday, December 04, 2000 8:27 PM
To: vantage@egroups.com
Subject: [Vantage] Report needed, Can you help?


I am looking for a report that would break out actual costs verses
quoted and show profit broken out by Setup Labor $, Production Labor
$, Material Profit, and any other factors that can be broken out to
compare job stats.

On a related note:

How do most companies deal with the varying costs of labor on jobs?

My superior seems to think that we should average all wages and
charge that as the labor rate for each labor hour to gain consistancy
from one job to the next.

I feel this is only muddying the water to make the job look more
profitable than it may have truely been had it required the use of
the more highly paid employees. I say we need to more accurately
assign actual costs to the job to gain better insight of what is
truely happening on the shop floor. I also believe that given the
same job and the same operators, would not equate to the same costs
during two different runs. Too many factors affect performance and
output.

Thus you see a strong line of division in the thinking process. Is
there a happy medium?

Any input appreciated.

Thanks,

Darren Mann
Miller Products Co.




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2
I am looking for a report that would break out actual costs verses
quoted and show profit broken out by Setup Labor $, Production Labor
$, Material Profit, and any other factors that can be broken out to
compare job stats.

On a related note:

How do most companies deal with the varying costs of labor on jobs?

My superior seems to think that we should average all wages and
charge that as the labor rate for each labor hour to gain consistancy
from one job to the next.

I feel this is only muddying the water to make the job look more
profitable than it may have truely been had it required the use of
the more highly paid employees. I say we need to more accurately
assign actual costs to the job to gain better insight of what is
truely happening on the shop floor. I also believe that given the
same job and the same operators, would not equate to the same costs
during two different runs. Too many factors affect performance and
output.

Thus you see a strong line of division in the thinking process. Is
there a happy medium?

Any input appreciated.

Thanks,

Darren Mann
Miller Products Co.