Identify the ways in which a house construction company may use job-cost information.

a.

To determine the profitability of individual jobs, (b) to assist in bidding on future jobs, and (c) to evaluate professionals who are in charge of managing individual jobs.

b.

To divide the total costs of constructing all the houses by the total number of houses built to obtain an average cost of each house, and (b) to apply the average per-unit cost to each of the identical or similar houses built in that period.

c.

To report profit results to shareholders, and (b) to report taxable profits to tax authorities

d.

To report cash flow forecasts to creditors, and (b) to assist in bidding on future jobs.