The Breuer & Co.
Job Cost Accounting software is designed to serve a variety of professional
service, engineering, and build-to-order manufacturing firms. In particular,
many features have been incorporated specifically for companies that perform
substantial amounts of work for Government agencies. What follows is a
description of some of the features that are responsive to the specialized
needs of the industry.
Contract types
The system can process
a variety of common government contract types: cost plus fixed fee (CPFF),
cost plus award fee (CPAF), firm fixed price (FFP), fixed price level
of effort (FPLOE), and others.
Direct hourly rates
Multiple options
for computing direct hourly rates:
- Nominal hourly
pay rate
- Salary divided
by actual hours worked
- Average pay rate
for each personnel classification
Burdened/billable
hourly rates
Multiple options:
- Direct hourly
rates multiplied by overhead and G&A factors
- From a standard
rate table of time and materials rates for each personnel classification
- From a rate
table for an individual client by person or by personnel classification
- From a rate
table for an individual job by person or by personnel classification
- Override at
time of timesheet data entry.
Costs by organizational
unit
For each job or
contract, there are special "profit center" reports that give
costs incurred and revenue generated by each profit center. For general
ledger purposes, costs and revenue can be allocated either:
- To the profit
center that "owns" the job, or
- To each profit
center that supplied people and other resources used on the job.
Overhead/G&A Pools
There are virtually
unlimited means for processing of overhead and G&A pools. By assigning
each general ledger account one or more account code, you define each
overhead pool. These pools may then be manipulated as "wholes."
For example:
- Fringe benefits
might be collected as a pool for each cost center. Divided by direct
labor for each cost center, they give on a period and year-to-date
basis the actual fringe benefit factor (as a %) for each cost center.
These actual rates can then be compared with provisional rates in
use in the job cost system.
- Labor overhead
pools may be created and manipulated similarly. For example, each
cost center might have:
- An on-site
overhead pool and associated rate
- An overhead
pool for employees working at the client site
- An overhead
pool for subcontractors working at your facility whom you may
be allowed to burden
- Other required
overhead pools. For example, if you use a materials handling overhead
rate in addition to G&A on materials, a pool would be established
to collect the appropriate costs for the materials pool.
- G&A
pools
- IR&D
pools and B&P pools which require special processing in the
calculation of appropriate overhead and G&A rates to be used
for billing
- Pools of
unallowable costs that must not be included from the computation
of overhead G&A rates.
These pools, along
with Direct Labor and Other Direct Charges, are used to calculate the
various base amounts (direct costs in the case of fringe benefit and
overhead rates, direct plus allowable overhead in the case of G&A
rates), the overhead and G&A amounts, and the various rates.
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