Profit Planning Seminar Helps Attendees Hone Budgets and Enhance Profits

Monday, February 10, 2014

Press release from the issuing company

SPRINGFIELD, MA - From January 30–31, 2014, The Markens Group, Inc. hosted its annual Machine Hour Rate and Profit Planning Fundamentals workshop in Miami, FL for 16 financial and sales management specialists.

This workshop is designed for financial executives, accountants, sales managers, and estimators from folding carton, corrugated, commercial printing, flexible, label, and contract packaging companies. Attendees learn how to develop budgets and create full sets of machine hour rates for costing and pricing in order to apply effective profit planning at their own plants.

Participants were taught profit planning oversight tools for boosting profits, including key formulas and the necessary steps for determining the accurate cost of labor. The seminar also provided valuable skills for creating direct and indirect labor budgets as well as machine variable budgets.

“Developing complex, specialized budgets and machine hour rates for costing and pricing are not simple tasks,” noted Ben Markens, principal at the Markens Group, Inc. “But this two-day course breaks it all down into useful formulas and strategies. I’m confident our attendees left with new knowledge, refreshed and ready to boost profits at home.”