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Pricing Worksheet.txt

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+ Batch Pricing Formula
+ =======================
+ Price = (Material + Labor + Overhead + Additional) × (1 + Reject%) ÷ (1 − Margin%) × Complexity Factor
+ 
+ 
+ Walk In Parts or one off
+ =========================
+The formula behind the Quick Quote sheet works like this:
+Price = MAX( (Cost per Piece ÷ (1 − Margin%)) × Quantity, Minimum Job Charge )
+Where Cost per Piece breaks down into three components:
+Cost per Piece = Labor + Overhead + Material
+
+Labor = (Total Minutes per Piece ÷ 60) × Labor Rate ($/hr)
+Overhead = (Total Minutes per Piece ÷ 60) × Shop Hourly Operating Cost ($/hr)
+Material = Powder per Piece (lbs) × Powder Cost per Pound × Number of Coats
+
+And Total Minutes per Piece is simply:
+
+Prep Time = Stripping + Blasting/Cleaning + Masking + Outgas Bake
+Application Time = (Spray + Cure + Inspect) × Number of Coats
+Total Minutes = Prep Time + Application Time
+
+So the margin is applied as a markup on your true cost (a 35% margin means your cost is 65% of the selling price), and the MAX function ensures you never quote below your shop minimum no matter how small the job is.
+The sheet also calculates your Effective Hourly Rate Earned = Quoted Price ÷ (Total Minutes × Pieces ÷ 60), which is really useful for gut-checking whether a job is worth your time compared to other work you could be doing.