With the time and material pricing method, the hourly time charge is typically set equal to:
A. annual overhead + an hourly charge to cover the profit margin.
B. the hourly labor cost + an hourly charge to cover the profit margin.
C. the hourly labor cost + an hourly overhead charge + an hourly charge to cover the profit margin.
D. the hourly labor cost + annual overhead.
E. the hourly labor cost.
Answer: C
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How many constraints are required to model this as a linear program?
A) 8 B) 9 C) 10 D) 12
Cheryl enters into a contract with Gabe. In this contract, Cheryl asks Gabe to pay the money he owes her from the contract to her friend Leah because Leah is having financial troubles. Leah is:
a. a third party creditor beneficiary. b. a third party donee beneficiary. c. a third party incidental beneficiary. d. the promisee in the contract.
Article 2 of the UCC governs contracts for sales of goods.
Answer the following statement true (T) or false (F)
A currency board is:
A) a structure, rather than a mere commitment, to limiting the growth of the money supply in the economy. B) a recipe for conservative and prudent financial management. C) designed to eliminate the power of politicians to exercise judgment by relying on an automatic and unbendable rule. D) all of the above