Everyone in trucking talks about cost per mile. And yes, it matters. But if that’s the only metric you’re tracking, you’re missing a major part of the profitability picture. Because time—not just ...

Paying attention to manufacturing costs is a necessity, no matter the size of your business, but for smaller enterprises that have lower cash reserves, carefully monitoring the production expenses is ...

It’s advantageous to know how many working hours in a year. Equipped with this knowledge, you can clarify how much you’re actually making per hour if you tend to work several hours, as well as how ...

Military time is a method of timekeeping used by the military all over the world. According to Chelsea Clock, law enforcement, firefighters, EMT emergency medical professionals and other emergency ...

Previously, we introduced lifecycle cost as a subject that many people talk about but few people really understand. We devoted Part I to two things: the calculation of the hourly operating cost for an ...

If an hourly employee works beyond 40 hours in a week, they are entitled to overtime pay. However, if that employee performs different roles at different pay rates, you may have to use a “blended rate ...

Most of us will agree that the hourly cost of a machine is strongly influenced by how much we use it and how long we keep it. Use it little or keep it for a short time, and cost per hour will be high ...