In Time-And-Material Pricing, the Material Charge Is Based on the Cost

question 25

True/False

In time-and-material pricing, the material charge is based on the cost of direct materials used and a material loading charge for related overhead costs.

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Definitions:

Profit Center

A segment or division of a company that is treated as a separate unit for the purposes of calculating profitability, enabling the assessment of its contribution to the overall profit of the company.

Outsourced Training

The practice of using external providers to conduct training programs and activities for an organization's employees.

Division Profit

Division profit refers to the net earnings generated by a specific division or segment of a larger company, highlighting its financial performance.

Division Profits

The earnings attributed to a specific division within a larger company or corporation, reflecting the division's financial health and efficiency.