Question

iii) Contract costing is variant of
a) Job costing
b) Batch costing
c) Process costing
d) Unit costing​

Answer 1

Answer:

Contract costing, also known as terminal costing, is a variant of job costing. ... Thus, in this method of costing, each contract is a cost unit and an account is opened for each contract in the books of contractor to ascertain profit/loss thereon.

Answer 2

Answer:

1) job costing

Explanation:

Contract costing, also known as terminal costing, is a variant of job costing. Contract means a big job in which work is done at site and not in factory premises. The cost of each contract is ascertaine