What is meant by contract costing
Contract costing is the costing method applied to determine the cost of construction work performed as per a customer's specification. Contract costing is also Jun 25, 2019 A cost-plus contract is an agreement to reimburse a company for expenses plus a specific amount of profit, usually stated as a percentage of “Cost input” means the cost, except general and administrative (G&A) expenses, which for contract costing purposes is allocable to the production of goods and