Preparing Accounts & Reports for Management Flashcards
1
Q
A Job Cost Sheet…
A
is a detailed record used to collect the costs of each job.
2
Q
Seven items recorded in a Job Cost Sheet include…
A
Job No. Description Customer Details Estimated Cost Selling Price Delivery Date Actual Costs to date.
3
Q
The 3E’s concept is also knows as…
A
The Value for Money (VFM) Concept.
4
Q
The 3E’s Concept considers…
A
Economy - Input measure
Efficiency - Links Inputs with Outputs
Effectiveness - Links Outputs with Objectives.
