In time-and-material pricing, the material charge is based on the cost of direct materials used and a material loading charge for related overhead costs.

Name: In time-and-material pricing, the material charge is based on the cost of direct materials used and a material loading charge for related overhead costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In time-and-material pricing, the material charge includes the direct cost of materials used and a loading charge for overhead costs such as handling and storage.

In Time-And-Material Pricing, the Material Charge Is Based on the Cost