Exercise 1 — Define Indirect Costs

In this exercise, you will practice entering Indirect Costs. Complete the following steps, using your Job:

  1. Double click on the Price % Add On row header.

  2. You already have Office Overhead as your first line item. In the next blank row type Corporate Insurance in the Description field and enter a rate of .10.

  3. Click OK to close the record.

  4. Double click on the Direct Cost Add-On row header.

  5. You already have Small Tools as your first line item. On the Description tab, type Safety & Training in the next blank row’s Description field, then press Tab.

  6. The Dependency Cost Breakdown appears on the right. Enter a rate of 5 for Labor Costs only.

  7. Click OK to close the record.

You should end up with similar results like below:

Congratulations, you have completed this exercise!