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Contract Costing is a special type of job costing, where the unit of cost is a single contract. The contract itself is a cost center and is executed under the customer's specifications. ... So no organization can undertake a large number of contracts at a time.
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Contract Costing is a special type of job costing, where the unit of cost is a single contract. The contract itself is a cost center and is executed under the customer's specifications. ... So no organization can undertake a large number of contracts at a time.
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