equipment labor material standard estimate service estimate item catalog unit price faq unit cost calculation calculating Understanding Unit Cost in Your Standard & Service Estimates

When building a Standard or Service estimate in LMN, your Labor, Equipment and Material items in your Item Catalog will come over and show a Unit Cost, then a Unit Price.

Here's how you can understand the math on how Unit Cost is calculated:

  • Labor Item's Unit Cost (shown in Estimates as Unit Cost): Average Wage + Overtime Factor Markup + Unbillable % Markup + Labor Burden % Markup = Unit Cost.
  • Equipment Item's Unit Cost (shown in Estimates as Unit Cost): Cost Per Day = Unit Cost.
  • Material Item's Unit Cost (shown in Estimates as Unit Cost): Unit Cost = Unit Cost.

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