Business FinancesQuestion 1124 of 1605
The primary purpose of JOB COSTING is to:
a.Set the CSLB license fee
b.Track actual costs against the estimate for each specific project
c.Determine sales tax owed to the state
d.Calculate the contractor's personal income tax
Explanation
Job costing records the actual labor, materials, subcontractor, and other costs for each individual project and compares them to the estimate. It reveals which jobs are profitable and improves the accuracy of future bids.
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Sen Lin, PrepPass Founder · Verified against California CSLB Contractor License Law & Business Exam · How we review
Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)