Management can use job cost information to control costs on jobs produced in the future.

Question

Quizplus · Accepted Answer

Job cost information provides insights into the actual costs incurred during a job. By analyzing this information, management can identify areas where costs can be reduced, such as optimizing the use of resources or identifying inefficiencies in the production process. By implementing measures to control costs based on job cost information, management can improve profitability and ensure future jobs are produced efficiently and effectively.

Management Can Use Job Cost Information to Control Costs on Jobs