Let's say that I have a small contract carpentry business with 1 partner. I've calculated a base "shop rate" of $45/hr, based on
expenses + profit / hours, where expenses includes both of our desired salaries, materials, etc., and hours is our sum total billable hours.
Now let's imagine we take on a job that's going to take both of us 2 days (~12 billable hours each) to complete working together at the same time.
I realize this is probably a stupidly simple question, but... Do we charge $45 x 24 for this job? Or rather, we should charge
shoprate * manhours and not
shoprate * clockhours right?