Project 2013 Intermediate

Project 2013

Lesson 3 - Assigning Costs

Practice the Concept: Complete the rate information for the following work resources. It is not necessary to type the currency symbol, decimal point or decimals. In addition, you do not need to type the /hr since hours is the default standard unit.

ID

Resource Name

Std.Rate

16

Backhoe Operator

$25.00/hr

17

Superintendent

$35.00/hr

18

Phone Technician

$30.00/hr

19

Cable Specialist

$18.00/hr

Filter for Resources - Material and enter the rate information for the following resources:

ID

Resource Name

Material Label

Std.Rate

21

Tile

Square feet

$4.00

22

Concrete

yards

$80.00

23

Insulation

square feet

$2.00

24

Drywall

sheets

$8.00

Please check the cost of the project and see that it is now: $72,408.

A SSIGNING O VERTIME R ATES

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Discussion

You can enter an overtime rate for a work resource to calculate costs if overtime work is assigned to the resource. Overtime must be assigned to a task; it is not automatically calculated for work over 40 hours. If a resource is paid the same amount for both regular and overtime hours worked, you must enter the standard rate in the Ovt. Rate field, or the overtime hours are calculated at the zero default rate. When you enter the overtime rate, you must enter the dollar amount followed by a forward slash (/) and the unit of time. The unit of time is only necessary if the rate is not hourly, which is the default.

Overtime rates only apply to work resources; therefore, this field is not available for material resources.

OFFICEPRO, Inc.

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