ACTUAL TIME: Only time spent on the job.
AVAILABLE HOURS: Number of productive employees x 7.5 hours
BILLED HOURS: Number of hours billed that day per specified period (i.e. day, week, month)
COMMISSION PAY: A percentage of the total labor billed paid to technician for the work done
FLAT RATE: Not time but work units as in bid time
FLAT RATE PAY: An amount of money per hour produced
HOURLY PAY: Amount paid to the technician per hour regardless how much is produced
PRODUCTIVE TIME: Billed hours divided by available hours