Question

Which employee labor rate is typically used to produce a project budget? Select an answer: salaries...

Which employee labor rate is typically used to produce a project budget?

Select an answer:

  • salaries

  • billable rates

  • burdened rates

  • salaries plus bonus

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Answer #1

Answer:

  • Option 2: Billable rates

Explanation:

  • Billable rate is the amount of money the client has to pay per employee/labour per hour.
  • Hence the billable rate is factored in the project budget.
  • SO, answer is option2
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