A quick question regarding accounting guidelines for posting of Project Management, General Foreman, Superintendent, etc. project management labor costs. Just wondering if it is standard practice to post these labor costs directly to jobs or to incur as fixed overhead? I.e. if Management has no intention of firing this staff even when there are no projects, how would they be allocated?
Any input would be appreciated!
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We allocate these folks directly to the project when these guys are working on projects. If they are under or completely unapplied we allocate that portion of their time to an overhead line called "unapplied capacity".
R. Patrick Lloyd | Chief Financial Officer Golden Construction, LLC 2212 First Avenue South Birmingham, AL 35233 www.goldenconstruction.com P. 205.327.6617 | C. 205.283.8936 | F. 205.327.6667