Question

1 point
Q. The main points of
distinction between job and
contract costing includes


(a)Length of time to complete
b) Big jobs
c) Activities to be done outside the
factory
d) All of the above​

Answer 1

The key difference between job costing and

contract costing is that job costing is a system

used for completion of specific customer

orders where each unit produced is considered

a job whereas contract costing is referred

to as a costing system applied where work is

undertaken according to special requirements

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