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    Type of costing method for a small business of construction

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    What type of costing method would you choose for the small business of construction. Why?

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    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 ...

    Solution Summary

    The 271 word solution explains the concepts and presents examples to demonstate an appropriate method.