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What is the relevance of using Job Order Costing in the construction industry?

April 26, 2017Construction costing Industry Job relevance

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What is the relevance of using Job Order Costing in the construction industry?

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I think it helps the construction companies to track how much material they are using for a particular job and also how many labor hours are put in. the rate of land also differs so it makes it easy for them to determine the value of the project easily.