What does the term "billable time" mean as it pertains to payroll accounting?
A)It is employee labor that may be billed to customers.
B)It is employee labor that does not pertain to labor on customer jobs.
C)It is non-traceable labor that a company must absorb as overhead.
D)It is non-employee labor that the company must pay.

Question

Quizplus · Accepted Answer

Billable time refers to the hours worked by employees that can be charged to a client or customer, as it directly relates to the services provided to them.

What Does the Term "Billable Time" Mean as It Pertains