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It records one week of hours and includes spaces for employee and supervisor signatures.
The labor section tracks workers, hours, rate, and amount.
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The standard labor rate per hour being billed does not necessarily relate to the underlying cost of the labor; instead, it may be based on the market rate for the services of someone having a certain skill set, or the. But they come with some risks and limitations as well. Time-and-materials (T&M) contracts may be used for acquiring supplies or services.
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