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Topic: ADDING LABOR CHARGE?
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| By: Mark S. | Posted on: Feb 12 2024 at 12:58:01 PM | | Can you add a labor charge so when you run a report you can see parts cost separate from labor cost? | |
| By: Guest | Posted on: Feb 14 2024 at 08:36:22 AM | you can create a part called labour, add it to your assembly with the quantity, you could then see the total cost on the assembly cost reports.
But if you are costing your finished stock, you will also be including labour in that! | |
| By: Mark S. | Posted on: Feb 14 2024 at 01:04:40 PM | | How do I find that report? It is not listed under "reports"... | |
| By: Guest2 | Posted on: Feb 15 2024 at 03:34:16 AM | Guest said "Costing Finished Stock".
Not sure what you mean. If I have 10 finished assemblies on the shelf reddy to ship then their cost should include the labour that was consumedto build them. shouldn't it?
Mark S. asked about a Report. Not sure what you mean by "Report". There's no specific labour report. In the reports there's a total stock valuation. Total value of your on hand inventory. This would include the total cost of finished assemblies which would include the cost of the labour to build them.
As guest said. Just create a new component with a part number maybe something like "LABOUR".
Set the TYPE as "MISC"
Put yourself as the supplier of that part at a price per minute or per hour.
Then in your assemblies you add a quantity of that part to the assembly. For example if it takes 15 minutes to assemble one assembly and the price of labour is by the hour then add a quantity of 0.25
Now when you look at the build cost of an assembly it'll include that labour element.
Above I said to set the TYPE as MISC. This is necessary because when you build an assembly minimrp does not take MISC items out of your inventory. | |
| By: Guest | Posted on: Feb 15 2024 at 05:26:42 AM | Costing finished Stock - Correct, the labour should be included in the final cost, but you need to be aware if it. Some people may decide not to include labour costs, depending on what the reports is being used for.
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| By: Mark S. | Posted on: Feb 15 2024 at 07:27:50 AM | | For reporting to my HQ purposes, i need to be able to show material costs and labor costs separately, is there an easy way to do that? I created an item for labor, but there is no way to separate that unless i manually do it? | |
| By: Guest | Posted on: Feb 16 2024 at 03:26:43 PM | This is my work around- might help.
Set up LABOUR as a part. Cost = £0
Add value to assemblies.
Build cost will show materials cost.
Change LABOUR cost to £xx (whatever your calculated labour cost per minute is). Refresh list of assemblies
Build cost now is materials + labour so labour cost can be calculated
I have a spreadsheet I update periodically where I've exported both lists and it automatically calculates out the difference so I can see materials costs and labour costs. It's a bit of a faff initially but it works well and pulls the labour times through from lower level assemblies. | |
| By: Guest | Posted on: Nov 25 2024 at 04:23:59 AM | Guest2 said:
"Above I said to set the TYPE as MISC. This is necessary because when you build an assembly minimrp does not take MISC items out of your inventory."
Could this "strategy" be used to identify/associate OTHER costs, e.g., related to "services" provided by an external supplier?
The Work Order would be updated with the ciost as soon as it would be available. | |
| By: Guest | Posted on: Nov 25 2024 at 09:24:59 AM | The idea of the MISC Labor cost is that you can have an inventory item called "LABOR" at, say, $1 each. That could be 1 minute of labor.
Then in an assembly you can include 5 minutes of labour and MiniMRP would automatically add that $5 for labor to the total build costs. A different assembly might have 6 minutes or 10 minutes of label at $1 per minute.
Then when your workers want a pay increase you just go to the LABOR inventory item and change its cost from $1.00 to $1.20 and MiniMRP will automatically recaluclate the build cost on every affected assembly. They still use the same number of minutes but the cost per minute has changed.
I suppose this could also be used for outside sub-contractor labor. The outside contractor has a fee per hour. You BOM include number of contractor hours (or part thereof). When the contractor changes his cost you don't go to every assembly. Just go to the 'contractir; inventory item and change the cost per hour and mini mrp does the update to every affected assembly's build cost. | |
| By: Guest | Posted on: Nov 25 2024 at 09:37:04 AM | The idea would be to use the MISC type classification to describe "services" that do not have actual "standard" costs, e.g., machining service, painting service, (i.e., very specific to a construction/project). They usually have a different cost.
Can I describe them with a "standard cost" and change that cost later when we are actually invoiced? | |
| By: Guest | Posted on: Nov 25 2024 at 10:48:51 AM | To answer the question "Can I describe them with a "Standard cost" . . . etc.
many things can be used in different ways. The best thing to do is to make a backup and then just play with it and see what happens.
If you are sharing the database with other users then you should do your playing/testing when no other users are at work because if you restore from an older backup they'd loss their work. So do it when it's just you. | |
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