Come up with a service that you can do for profit that involves billing customers for your time and the materials used to repair, upgrade, or create...

Come up with a service that you can do for profit that involves billing customers for your 

time and the materials used to repair, upgrade, or create something. It has to involve both your time 

and materials that you purchase.

1. Determine a labor rate to charge your customers. This rate should include not only the cost of 

your time working on the repair, but also the cost of your taxes, transportation, benefits, 

paperwork, etc, and also a profit for your business. The labor rate should be in the form of 

dollars per hour.

2. Determine a material overhead rate to add to the cost of the parts you will need to use for the 

repair. For example, if you are going to paint a house, you will have the cost of the paint, but 

also a rate to add to that cost to cover time spent buying, picking uo, storing, paperwork, etc.