Adding Facility & Labor Expenses
Accounting the cost for your facility and labor establishes the foundation for your production costs.
Enter in the number of days per month that you manufacture your products in the Production Days Per Month field
Enter in the number of hours per day that you manufacture your products in the Production Hours Per Day field
Add your facility cost by entering the respective value in the Facility Cost Per Month field or the Facility Cost Per Hour field
Add your labor cost by entering the respective value in the Labor Cost Per Month field or the Labor Cost Per Hour field
Save your information by clicking the Save button in the top-right
Tip: If you currently don't have any facility and/or labor expenses (because you happen to produce your goods in home and produce them yourself), we recommend entering an expense that is typical in your market. If you plan to grow your business but decide not to add production expenses, it's likely you'll be selling products that are no longer profitable once you take on the additional costs that come with renting a kitchen and hiring employees. You could raise your prices to counter the costs, but could potentially lose your customers and their loyalty in the process.