Billing API: billing time and resulting bill clarifications

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We are developing a Shopify app with the intention to publicly list it. I have a couple of questions about the Billing API:

  1. In the RecurringApplicationCharge resource, the billing_on field reports only the date. Is it possible to find out also the scheduled time (and timezone) for the billing operation? Can the billing time change between different app billing cycles?
  2. It is our understanding that we can create more than one UsageCharge per billing cycle, and that the sum of those single charges will be billed to the merchant, along with the fixed amount. Will the merchant bill contain one line per UsageCharge? Is it possible to have an example of a resulting bill?