A new "Understanding Overhead" calculator designed to guide contractors in understanding and controlling business costs has been released by the Plumbing-Heating-Cooling Contractors (PHCC) National Association Educational Foundation.
Available on CD, this business management tool guides users through the process of calculating a selling price that covers all expenses and provides the net profit percentage they desire, according to a PMCC news release.
The CD includes Excel spreadsheets that enable users to calculate:
Direct labor costs
Profitable selling prices
Monthly and annual net profit goals
Target revenue and profit goals.
The "Understanding Overhead" CD is available for $99 for members and $129 for non-members from the PHCC website, www.phccweb.org. More information is also available from the association at 800 533-7694.