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The video tutorial outlines how to assess the actual costs involved in an installation job without markup. The speaker breaks down various expenses, including torch vacuum ($35), permit ($60), metal ($20), fuses, whip pad, disconnect ($75), dirt for leveling ($5), and miscellaneous items like gas pipes and copper fittings. Additionally, labor costs for two workers are calculated at $25 per hour for 12 hours. The emphasis is on understanding the true cost of materials and labor to effectively price a job. It suggests ensuring that labor costs reflect a bit more than the actual pay rate to account for business expenses.