The first step for time-and-material pricing is to calculate the
A) charge for obtaining materials.
B) charge for holding materials.
C) labor 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 labor charge per hour. This is because the pricing method involves charging for the time spent on the project as well as any materials used. Therefore, knowing the labor charge is essential in determining the total cost of the project.

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