Question: With the time and material pricing method, the hourly time charge is typically set equal to: Multiple Choice the hourly labor cost + annual overhead.

With the time and material pricing method, the hourly time charge is typically set equal to:
Multiple Choice
the hourly labor cost + annual overhead.
annual overhead + an hourly charge to cover the profit margin.
the hourly labor cost + an hourly charge to cover the profit margin.
the hourly labor cost.
the hourly labor cost + an hourly overhead charge + an hourly charge to cover the profit margin.

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