The gross profit on the sale of a job is the difference between the sales price and the total cost reported on the job cost record.

Name: The gross profit on the sale of a job is the difference between the sales price and the total cost reported on the job cost record.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is because the gross profit calculation subtracts the total cost of the job from the sales price to determine the profit earned.

The Gross Profit on the Sale of a Job Is