Therefore, actual direct materials cost is calculated as $200 in standard cost plus additional cost of $100, equal to $300 total. Advertisement Article continues below this ad ...

After you’ve budgeted for material costs, you may be surprised by how labor costs take up a huge chunk of your shower installation. Plumbers charge between $50 and $120 per hour on average.

The average cost to pave a driveway will range from $3 – $30 per square foot. The final cost depends on the type of driveway material and the labor involved.

The ENR 20-city average yearly price for steel rose 7.8% by the end of 2023, while the overall Materials Cost Index experienced an increase of 4.4%. Both skilled and common labor saw a modest gain.