1 The above figures place the cost of the addition at $124 per square foot. 2  This pricing structure assumes that carpenters charge an average of $70 per hour, electricians between $65 to $85 per hour, and painters between $20 and $35 per hour.
Generally speaking, this field is what is used to capture the detailed explanation of the business reason behind the expenses that are included on the report. On expense reports that are created using the Business Expenses template, not all expenses on the report may be related to each other.
Among the bigger problems as it pertains to the gross profit calculation is that executives have some leeway when determining whether an expense should be included in cost of goods sold or another section, which we will discuss later, called selling, general, and administrative expenses.