Consider the Following Statements About Time and Material Pricing

Multiple Choice

Consider the following statements about time and material pricing:
I. The time charge includes the direct cost of an employee's time.
II. The time charge includes an amount to cover various overhead costs.
III. The material charge includes a handling charge for material.
Which of the above statements is (are) true?

A) I only.
B) I and II.
C) I and III.
D) II and III.
E) I, II, and III.