How to address this Cost Plus Billing Requirement?
Hi Everyone,
I have a billing requirement to generate revenue/bill at Cost Plus as follows:
Line#1. Labor Costs 10000.00
Line#2. Overhead @150% of Line1 15000.00
Line#3. Materials (Pass thru) 5000.00
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Line#4 Sub Total 30000.00
5% Profit (of sub total) 1500.00
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Total 31500.00
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How can I best solution and accomplish this?
If I choose Burden Schedule instead of Bill Rates, I only get one line (for Line# and 2 combined).
If I choose the Labor Cost Rate Schedule (as my Bill Rate Schedule), I can get the Line#1 value.
But then, how can I get the Line#2 value?
Also, how can I derive the 5% profit of the Sub Total?
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