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

Question 43

Multiple Choice

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-employee labor that the company must pay.
D) It is non-traceable labor that a company must absorb as overhead.

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