A variation on cost-plus pricing is time-and-material pricing. Under this approach, two pricing rates are set.
Required:
Explain where this approach is used and identify the steps involved in time-and-material pricing. Also explain what the material loading charge covers and how it is expressed.

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The Answer of A variation on cost-plus pricing is time-and-material pricing. Under this approach, two pricing rates are set.
Required:
Explain where this approach is used and identify the steps involved in time-and-material pricing. Also explain what the material loading charge covers and how it is expressed.

A Variation on Cost-Plus Pricing Is Time-And-Material Pricing