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

Question

Quizplus · Accepted Answer

Job cost information provides valuable insights into the actual cost of completing a particular job. By analyzing this information, management can identify areas where cost overruns occurred and take corrective action to control costs on future jobs. This helps to improve profitability, minimize waste, and ensure that projects are completed on time and within budget. Therefore, it is true that management can use job cost information to control costs on future jobs.

Management Can Use the Job Cost Information to Control Costs