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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