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

Answer:

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