Which of the following statements about time and material pricing is/are true?
i. The material charge includes the direct cost of the employee's time.
ii. The material charge includes the direct cost of materials used.
iii. The material charge includes a charge for material handling and storage.

Question

Quizplus · Accepted Answer

According to the statement, the material charge includes the direct cost of materials used (ii) and a charge for material handling and storage (iii). The statement does not mention anything about including the direct cost of employee's time (i). Therefore, option ii and iii are true, and option C is the best choice as it includes both options.

Which of the Following Statements About Time and Material Pricing