It's been a few months so I'll post this again for this topic. You can tell by the "price of fabric" section that it is already outdated, but the end still justifies the means!
Jan in VA
What It Really Costs To Make a Quilt
QUEEN SIZED, MACHINE PIECED, HAND QUILTED
MATERIALS:
Fabric 12-16 yards @ $9per yd. $108 - $144
Batting $25 - $40
Thread $8 - $16
Total $ invested $141 - $200
LABOR HOURS:
Piecing 20 to 60 hours
“Setting” (designing your quilt) 10 to 20 hours
Quilting 100 to 750 hours
Total hours invested 130 to 810 hours
TOTAL COST
Paying $1 per hour (Would you do this type of work for $1 an hour?!)
Materials $141 - $200
Labor $130 - $810
Total $271 - $1070
Paying minimum wage $7.25 (by law in 6/2009)
Materials $141 - $200
Labor (130-810hrs) $942.50 - $5872.25
Total $1083.50 - $6072.25
Paying skilled labor wage $20 per hour (Don't you consider yourself trained and skilled in this craft?)
Materials $141 - $200
Labor (130-810hrs) $2600 - $16,200
Total $2741 - $16,400
(Found on the Internet 1995; unknown author)