Hourly Rates

Updated June 1, 2024

Applies to : All Cost Centers

This feature allows the user to update the Direct Manufacturing Rate and All inclusive Rate. It also can calculate a new All Inclusive Rate based on a Burden Percentage of the Direct Manufacturing Rate.

Update AIRate : The Update AIRate button will take the value in the Direct Manufacturing Rate field and multiple be the value in the Burden Percentage field and then add it to the Direct Manufacturing Rate to calculate a new All Inclusive Rate. The user then has the option to click on the Update Process Rates button to modify all the Processes within the Cost Center.

Update Process Rates : The user can opt to change either the Direct Manufacturing Rate, All Inclusive Rate or both. Simply enter a value in the appropriate field and click on the Update Process Rates button. This will change all the rate values for all of the Processes within the Cost Center.

NOTE: If the field value is set to zero (0) then the rate will change within each process will be set to zero (0).