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How would you calculate a price for your labor?

1 Answer

2 votes

labour hour rate × time required for one product.

Step-by-step explanation:

multiply the labor hourly rate by the time required to complete one unit of a product

eg: hr rate = $15.50 and it takes 0.1hr to manufacture the product. (15.50×0.1) = $1.55 which is the direct labor cost .

User Luviktor
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