Topic Thread

1.  Project Management costing

Posted 03-17-2017 13:18

Greetings!

 

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!

 

 

 

Thank you,

 

 

 

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Parag Kapadia

Assistant Controller

 

T: 718.397.9527 x 103 | F: 718.779.6535

C: 347.256.3782 | E: parag@kantaelectric.com

 

34-21 56th Street | Woodside, NY 11377

 

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2.  RE: Project Management costing

Posted 03-19-2017 09:36

Paraq,

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

 

  

 






3.  RE: Project Management costing

Posted 03-22-2017 09:58
Thank you for the info! Very helpful.

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Parag Kapadia
Controller
(718) 397-9527 X 103
Woodside, NY
Kanta Electric
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