Managers use estimates in job costing systems to:
I. Establish a bid for a job
II. Decide whether to accept a job
III. Monitor actual operations
A) I and II only
B) I and III only
C) II and III only
D) I, II, and III

Question

Quizplus · Accepted Answer

Managers use estimates to establish a bid for a job (I), decide whether to accept a job (II), and monitor actual operations (III) to ensure the project is proceeding as expected and profits are being made. Therefore, all three choices (I, II, and III) are correct.

Managers Use Estimates in Job Costing Systems To