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Reply by AMZ

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Posted on How much can I charge for my hourly labor

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AMZ

112 posts in 166 days


#1 posted 03-28-2020 04:21 PM

I own a manufacturing plant, and have been costing for three decades. There are several general rules of thumb, but for woodworking, I would suggest writing down the wage, add in costs of employees (generally about 135% of wage), for overhead burden, multiply that number by two. Now multiply that number by percentage profit desired and add resultant numbers together. Estimate number of hours to do he job, then multiply by your labor and burden amounts.

Now figure your raw materials, adding that cost to the estimated labor and burden and this will give you your customer estimate.


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