Time and Material

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suresi00
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Time and Material

Postby suresi00 Mon Dec 11, 2017 3:40 pm

Manish sir,

The e wages of hourly workers on a time and materials project is considered a/an_________________ cost.
Direct/variable
Direct/fixed
Indirect/variable
Indirect/fixed

What is the right answer. My answer was direct and fixed because the unit rate of the labor was fixed. But the correct answer was direct/ variable as the number of hrs change.
manishpn
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Re: Time and Material

Postby manishpn Mon Dec 11, 2017 5:10 pm

T and M can never have fixed cost >...

It has to be direct and variable (in the sense that cost will be billed at actuals based on effort spent)
Br,
Manish P
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http://www.izenbridge.com/blog/7-effect ... ification/

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