Report Calculations – JTD Labor Analysis Report (Projected Cost)
This report prints the projected hours. If no projected hours are entered, then the report will calculate the hours as it normally does. The Projected report also provides percent complete for labor hours and dollars.
Field |
Description |
|---|---|
Hours Estimated |
The current estimated hours display from Job Phases. |
Hours JTD |
The actual job-to-date labor hours through the year and period display. |
% Complete |
There are two % Complete fields. In the first field, the percent complete is calculated as the actual hours divided by the projected hours, multiplied by 100. The second field is based on actual JTD labor costs divided by estimated labor costs. (Labor Job-to-Date / Labor Estimate). |
Hours Projected |
The total hours projected at completion figure is calculated as the quotient of Hours JTD to % Complete, where % Complete is expressed as a decimal. (Hours JTD / % Complete) |
Hours Variance |
The hours variance is calculated as the difference between projected and estimated hours. |
Labor Estimate |
The current estimate labor costs display from Job Phases. |
Labor Job-to-Date |
The actual job-to-date labor costs through the year and period display. |
Projected Cost |
The total labor Projected cost at completion displays from Job Phases. |
Cost Variance |
Cost variance of labor is calculated as the difference between the projected and estimated cost. |
