Which statement is true regarding hourly cost rate for Projects?

• When using the hourly cost rate calculator, the boxes are initially populated from the employee record
• The hourly cost rate is initially populated by the vendor's or employee's billable rate
• When on the Projects Dashboard, you can enter an hourly cost rate for a vendor
• Best practice is to use the hourly cost rate field when you are not using QuickBooks Payroll
• Best practice is to enter time for each vendor, use the cost rate per hour and split the vendors' bills by project