Which method of costing is used by construction companies like construction of roads dams building e...........

Costing - Phase (I & II) Methods of Costing

Which method of costing is used by construction companies like construction of roads, dams, building etc., where the completion time is longer?

Job Costing

Batch Costing

Contract Costing

Process costing

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Explanation:

Contract Costing: This method of costing is mainly used for construction contracts, like the construction of complexes, highways, bridges, dams etc. While contract costing is for a much longer time, several years usually. So, there is work-in-progress at the end of a year in contract costing.