What is fully loaded cost factor in SAP EPM-NOV-SWP - Percipient?

SAP Term: fully loaded cost factor

• Component: EPM-NOV-SWP

• Component Name: Percipient

• Description: Percentage over salary that a full time equivalent costs an organization. This may include benefits, vacation/holiday time, facilities costs, taxes and any other cost associated with employing the person. &Example& An employee may cost an organization $40,000 above his $100,000 annual salary. The fully loaded cost factor for this employee is 40%.

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• Key Concepts: 
  Fully loaded cost factor is a term used in SAP's EPM-NOV-SWP Percipient software. It is a measure of the total cost of a product or service, including all associated costs such as labor, materials, overhead, and taxes. It is used to determine the true cost of a product or service and can be used to compare different products or services. 
  
  How to use it: 
  The fully loaded cost factor can be used to compare different products or services. It can also be used to determine the true cost of a product or service. To calculate the fully loaded cost factor, you must first determine the total cost of the product or service, including all associated costs such as labor, materials, overhead, and taxes. Once you have determined the total cost, you can then divide it by the number of units produced to get the fully loaded cost factor. 
  
  Tips & Tricks: 
  When calculating the fully loaded cost factor, it is important to include all associated costs such as labor, materials, overhead, and taxes. This will ensure that you are getting an accurate measure of the true cost of a product or service. Additionally, it is important to consider any discounts or incentives that may be available when calculating the fully loaded cost factor. 
  
  Related Information: 
  The fully loaded cost factor is closely related to other terms such as unit cost and marginal cost. Unit cost is the total cost of producing one unit of a product or service while marginal cost is the additional cost incurred when producing one additional unit of a product or service. Understanding these terms can help you better understand the fully loaded cost factor and how it can be used to compare different products or services.