PIM Financial Executive Council - August 2019

When:  Aug 28, 2019 from 11:30 AM to 1:00 PM (CT)

Meeting: UPCOMING PIM FINANCIAL EXECUTIVES COUNCIL MEETING
Online via audio/video conference and in-person at LB Carlson 605 US-169 Suite 650, Minneapolis, MN 55441
Wednesday – August 28, 2019
11:30am-1:00PM

Budgeted Hourly Rates - The next level of understanding your costs
Presenter: Jacquelyn Bistodeau, CPA, Manager, LB Carlson

Description: When it comes to job costing, most have a pretty good idea on the direct costs to produce a job; what materials should be ordered and what outside purchases are needed. But knowing the total manufacturing cost to produce a job is where a budgeted hourly rate comes in. Full absorption accounting takes you to the next level of understanding your costs. Having an accurate Budgeted Hourly Rate (BHR) will help you forecast your true costs to help you confidently and strategically price jobs.

The basic premise – Establishing Budget Hourly Rates (BHRs) is an essential tool for being competitive and profitable. 

Join us in a discussion of benefits, traditional flaws, and how others have overcome those obstacles.

About the Presenter 

Jacquelyn Bistodeau is a Manager at LB Carlson.  Jacquelyn’s public accounting experience spans more than 10 years. During that time, Jacquelyn has become a specialist in assisting clients in manufacturing industries. Her business experience;

  • Specialized business consulting services for the manufacturing industry
  • Focuses in tax compliance, and assurance and attest services
  • Provides interim controller services to a variety of clients
  • Assists business owners with a variety of tax and management consulting issues
  • Active Member of the Central Minnesota Manufacturing Association

 

Questions:
Ben Dally at 612-400-6207 or bdally@pimw.org
Mel Enger at menger@lbcarlson.com
Ken Rein at krein@dailyprinting.com

Location

605 US Highway 169 North, Suite 650
Minneapolis, MN 55441