What type of costing method would you choose for the small business of construction. Why?© BrainMass Inc. brainmass.com June 4, 2020, 1:44 am ad1c9bdddf
For a small construction business, a job costing method would be the most useful, informative and accurate for purposes of measuring gross profit for a business.
In a job cost system, each order or job is assigned a specific identification number and all direct costs of that job are tagged to the id number.
Here are a couple of examples to demonstrate:
1. Your company repairs and installs HVAC (heating and ...
The 271 word solution explains the concepts and presents examples to demonstate an appropriate method.