Management Can Use Job Cost Information for Each of the Following

question 146

Multiple Choice

Management can use job cost information for each of the following EXCEPT:

• A)determining cost of goods sold.
• B)determining the profitability of different jobs.
• C)bidding on custom jobs.
• D)All of the listed choices are possible uses of job cost information

---

Definitions:

Variable Costs

Costs that vary directly with the level of production or output of a firm.

Total Revenue

The total income a firm receives from selling its goods or services, calculated as the quantity sold multiplied by the price per unit.

Total Cost

The total expenses a company incurs to produce a specific quantity of goods, encompassing both constant and fluctuating costs.

Marginal Output

The additional output that results from the use of one more unit of a production input, assuming other inputs are constant.