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 number of hours worked by an employee that can be billed to a customer or client. This type of time is typically tracked for employees who work on projects or perform services for clients. It is important for payroll accounting because it helps determine how much revenue a company can generate based on the work performed by its employees.

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