The first step for time-and-material pricing is to calculate the
A)charge for obtaining materials.
B)charge for holding materials.
C)labour charge per hour.
D)charges for a particular job.

Question

Quizplus · Accepted Answer

The first step in time-and-material pricing is to calculate the labour charge per hour. This is because the cost of materials will vary depending on the project and should be added on top of the labour charge per hour. Therefore, calculating the labour charge per hour is the starting point for determining the overall price of a project.

The First Step for Time-And-Material Pricing Is to Calculate the