With the Time and Material Pricing Method, the Hourly Time

Multiple Choice

With the time and material pricing method, the hourly time charge is typically set equal to:

A) the hourly labor cost.
B) the hourly labor cost + annual overhead.
C) the hourly labor cost + an hourly overhead charge + an hourly charge to cover the profit margin.
D) annual overhead + an hourly charge to cover the profit margin.
E) the hourly labor cost + an hourly charge to cover the profit margin.