1.
Concept introduction:
The total estimated cost for the job.
2.
Concept introduction:
Job costing: Job costing refers to the method of costing which is based on a particular project where all the costs and revenues are being tracked for every project or job. Here, all the costs like direct material, direct labor, overheads, etc, are separately written down, and then important decisions and assumptions are made.
The price quoted by the company with a markup of 20% above the total cost.

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Chapter 19 Solutions
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