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What is the advantage of job costing?
  • a)
    It helps to distinguish profitable jobs from unprofitable jobs
  • b)
    It helps to control future costs
  • c)
    It helps to prepare estimates of cost for submitting quotations and tenders
  • d)
    All of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the advantage of job costing?a)It helps to distinguish profita...
Job costing offers several advantages. It helps in distinguishing profitable jobs from unprofitable jobs, allowing a company to identify areas of success and areas for improvement. It also helps in controlling future costs by analyzing the costs incurred for each job and making adjustments as necessary. Additionally, it aids in the preparation of cost estimates for submitting quotations and tenders, ensuring accurate pricing and competitiveness in the market.
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What is the advantage of job costing?a)It helps to distinguish profitable jobs from unprofitable jobsb)It helps to control future costsc)It helps to prepare estimates of cost for submitting quotations and tendersd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
Question Description
What is the advantage of job costing?a)It helps to distinguish profitable jobs from unprofitable jobsb)It helps to control future costsc)It helps to prepare estimates of cost for submitting quotations and tendersd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the advantage of job costing?a)It helps to distinguish profitable jobs from unprofitable jobsb)It helps to control future costsc)It helps to prepare estimates of cost for submitting quotations and tendersd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the advantage of job costing?a)It helps to distinguish profitable jobs from unprofitable jobsb)It helps to control future costsc)It helps to prepare estimates of cost for submitting quotations and tendersd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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