Examlex
________ involves the sale of accounts receivable.
Direct Labor Hours
The hours worked by employees that can directly be attributed to specific units of production.
Time and Materials Pricing
A pricing method where the customer is charged for the direct labor hours at a specific rate and the cost of materials used.
Total Price
Refers to the complete amount of money required to purchase a product or service, including all associated fees and taxes.
Materials Markup
The amount added to the cost price of materials to cover overhead and profit when pricing a product or service.
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