Costing
Variance
In common usage variance is the difference between a pre-established measure and an actual measure .(Wideman Comparative Glossary of Common Project Management Terms v2.1 ) Other Definitions Variance – A discrepancy between the actual and planned performance on a...Uniform Percentage Markup Method
Uniform Percentage Markup Method is the expression coined by builder and author David Gerstel in his book Running a Successful Construction Company_ to describe a markup methodology author of that places a markup to achieve a prescribed Gross Profit on the sum of all...Total Volume Based Markup Method
Total Volume Based Markup Method is the expression I use to describe a markup methodology that places a markup to archive a prescribed Gross Profit on the sum of all the Labor, Materials, SubContractor and Equipment costs. It is also sometimes called Margin Based...Throughput Costing
Throughput Costing counts only unit-level costs as the cost of a product or service. All other costs of resources used are counted as operating costs (or expenses). The throughput (under throughput costing) is sales revenue minus all unit-level spending for direct...Target Costing
A target cost is calculated by subtracting a desired profit margin from an estimated or a market-based price to arrive at a desired production, engineering, or marketing cost. This may not be the initial production cost, but one expected to be achieved during the...The Building & Remodeling Wiki Sponsors:
