Presstimator
Budgeted Hourly Rates is a software application that helps Financial Executives
and Estimators determine their costing and budgeting standards, also known
as Budgeted Hourly Rates (BHR).
- Why should I use it?
Simply
speaking, if your machine and labor cost rates or standards are not absolutely
accurate, you are likely losing jobs you should be attracting and running
jobs you should be avoiding! The bottom line is that you can use Presstimator
Budgeted Hourly Rates to improve profitability by determining your organization's
EXACT costs of operation for each piece of equipment and manufacturing process
thereby assuring that your estimating process WILL generate the profits that
it forecasts.
- Who should be using it?
ALL
printers need to establish accurate costing standards in order for their
Estimating systems to generate realistic numbers. Therefore anyone who sells
print should use Presstimator Budgeted Hourly Rates.
- I work in an in-plant shop and we don't "sell"
our work. Why would I need Presstimator Budgeted Hourly Rates?
You
still need to know what your costs are in order to determine whether your
charge backs are realistic.
- What type of costing analysis does Presstimator
Budgeted Hourly Rates employ?
"All-Inclusive
costing" also referred to as "All-In Costing" or "(Full)
Absorption Costing". It is a form of cost analysis that assigns a representative
portion of ALL manufacturing and overhead costs to individual cost centers
and products. Presstimator Budgeted Hourly Rates also provides BHRs based
on Direct cost and Factory cost basis.
- Does this mean that Presstimator Budgeted Hourly
Rates will provide me with the all-inclusive costs of operating each piece
of equipment and production center in my company, including the owner’s Porsche
and "executive assistant"?
Exactly!
- Aren't BHRs the cost standards that determine
the accuracy of my Estimating and Costing systems?
Yes. And when Presstimator BHR software is used with
Presstimator Estimating software, you can be sure you are generating accurate
quotes/estimates and tracking your bottom line.
- Am I able to perform "what-if" scenarios
using Presstimator Budgeted Hourly Rates?
Yes.
Presstimator Budgeted Hourly Rates provides you with the ability to create and
save an unlimited number of what-if scenarios.
- What types of information do the cost reports
include?
BHR
reports are generated for each cost center and include all items that contribute
towards the overall cost of running the cost centers including: occupancy
costs, taxes, utilities, labor, equipment depreciation, overhead, etc. plus
factory and administrative overhead allocations.
- Does Presstimator Budgeted Hourly Rates distribute
the overhead costs to individual cost centers by square footage?
Presstimator
Budgeted Hourly Rates employs the standards established by the PIA, NAPL and
BPIF. Therefore each cost distribution is unique. For example: equipment insurance
is distributed based on the values of the equipment in each cost center,
factory overhead distribution is based on all accumulated costs unique to each
cost center plus labor, indirect supplies and equipment repairs and maintenance
and occupancy costs are distributed based on square footage. So although it
would be very easy to distribute overhead costs using one simple method, such
as on a square footage basis, it would not provide accurate or realistic
results. Profits would be likely be lost.
- What operating systems doe Presstimator Budgeted
Hourly Rates require?
Microsoft
Windows XP, 2000, NT, ME, 98 or 95.
- Do you have a Mac version of Presstimator Budgeted
Hourly Rates?
No,
but we have clients that run Presstimator Budgeted Hourly Rates on their Macs
using Windows emulation software.
- What information do I need in order to get
accurate BHRs from Presstimator Budgeted Hourly Rates?
- Current financial statement or budget
-
Personnel
list including payroll info, vacation days, work location
-
Equipment
list and current estimated values, hours of operation, occupied space
No!
All results are based exclusively on your
company’s information. Why use other theoretical standards when Presstimator
Budgeted Hourly Rates provides you with your
company’s exact standards?
- I've heard a lot about QuickCheck. What exactly
does it do?
The
software’s QuickCheck feature permits users to prepare cost analyses and
estimates based on what-if scenarios. For example, your company decides to
acquire a new 6 color press, hire staff to run it and expand the plant to
accommodate it. Presstimator Budgeted Hourly Rates will help you prepare a
scenario based on these changes and permit you to actually cost your future 6
color work to see if you will be price competitive.
This can be done prior to putting a deposit on the new equipment, hiring a
contractor or placing a “help wanted” ad in the paper!! Many financial
executives have bought Presstimator Budgeted Hourly Rates simply because of
this feature!
- How much does Presstimator Budgeted Hourly
Rates cost?
$700
for Presstimator BHR
$1200
for Presstimator BHR Power Edition
*discounts
available when bundled with the Presstimator Estimating Software!
- Is that all? My Management Information System cost me $________ (fill
in the blank)!
Yes. Is this not a small price to pay to ensure system accuracy and
increased profitability?
We can easily recover this cost with (please check one box):
__one less wrongly priced job
__two less wrongly priced jobs
__three less wrongly priced jobs
__the cost of one extended executive lunch