Costing of expenses for Billing Analyses
In Time, the calculation of expense costs considers the following options when required.
Expense measured in quantity (Variable expenses)
When expenses are based on a quantitative factor, such as mileage, then when analyzing the costing of expenses, the calculation of cost is:
cost = quantity * expense rate
Note: The surcharge amount is not considered in this cost amount, however it is included in the expense amount itself.
Fixed expenses
When the expense is a fixed amount or any quatitative factor is minimal, then the calculation of cost is as follows:
cost = expense amount