Description: Cost Rates Advisor is cloud Budgeted hourly rates software for printing businesses.
accounting (5975) packaging (4114) pricing (397) estimating (194) costs (138) printing equipment (45) blue book (41) bhrs (8) job costs (6) budgeted hourly rates (4)
Budgeted hourly rates (BHRs) are necessary to accurately and confidently estimate, price, and cost orders, so that you can be more competitive and profitable. They are a best practice used by the printing and packaging industry for over 100 years.
BHRs are the hourly cost rate in which you must sell your equipment or services in order to break-even or recover your out-of-pocket costs. Some organizations make the mistake of using rates from publications or use outdated rates.
The primary goal of BHRs and the Cost Rates Advisor is to recover 100% of your expenses with the production hours you sell to customers. Cost Rates Advisor does this by distributing all of your expenses (wages, leases, depreciation, supplies, utilities, insurance, etc.) among each piece of equipment or cost center; and then recovering those expenses based on the equipment production hours you expect to sell.