The Machine Cost Worksheet helps you determine the true cost per hour to run a Machine by combining several operational and ownership expenses. Rather than focusing only on basic operating cost, the worksheet brings together factors such as lease or replacement value, maintenance, and actual usage patterns. By entering these details, the worksheet calculates an accurate hourly rate that supports more informed pricing decisions and ensures your machine-related costs are fully represented in your workflow.
For more information on Machines, please see Machines Overview.
Note: The Machine Cost Worksheet is a helpful tool, but CoreBridge is not responsible for your financial and accounting decisions. If you have questions about labor cost calculations, tax implications, or finances, we recommend consulting a qualified accounting or financial professional.
Navigate to System Settings / Components / Machines.
1. Select the appropriate Machine from the list.
2. Select the Machine Details tab.
3. Click the Calculate Cost icon.
The worksheet opens in a dialog titled Calculate Machine Cost per Hour. Fill in the information for the Machine.
a. Monthly Lease Payment - The monthly fee to operate and rent this Machine.
Note: If you do not have a monthly payment, estimate a monthly rental amount or a monthly replacement cost.
b. Monthly Maintenance Cost - Your estimated monthly maintenance contract, repairs, and parts to maintain this Machine.
Note: This should be filled in with a value other than zero. Even an hourly rate for an Employee to oil or clean the Machine should count toward the maintenance cost.
c. Average Daily Operating Hours - The average number of hours per day the Machine is in operation, not simply when it is available.
d. Days per Week Your Shop is Open - The number of days per week your shop is open.
e. Work Days per Year Your Shop is Closed - The number of days per year the shop is closed, such as holidays and scheduled closures.
f. Based on the information entered, the worksheet calculates a New Average Machine Cost (shown as cost per hour, excluding labor) and displays it in the dialog.
4. Click Apply and Close to apply the calculated Machine Cost per Hour to the Machine record and close the worksheet.
Note: You must click Save on the Machine Details in order to retain this cost information.
The Machine Cost Per Hour field on the machine details page is updated with the new value.
Note: It is best to review your machine costs per hour periodically as your business costs change.
5. Click Save.
