Under Time and Material Pricing,what Is(are)included in the Time Component

question 23

Multiple Choice

Under time and material pricing,what is(are) included in the time component?

• A) Only the direct costs of the employee, including salary and fringe benefits.
• B) A profit element.
• C) A loading charge.
• D) A charge for ordering and handling inventory items.

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Definitions:

Guaranteed Annual Dividend

A promise by a corporation to pay its shareholders a specified minimum annual dividend.

Inventory Transfer

The movement of inventory from one location to another within the same company, which may involve transferring goods between departments or geographic locations.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered or used but not yet paid for.