1.
Concept introduction:
The total cost for the tax service job.
2.
Concept introduction:
Job costing: Job costing refers to the method of costing which is based on a particular project where all the costs and revenues are being tracked for every project or job. Here, all the costs like direct material, direct labor, and overheads are separately written down, and then important decisions and assumptions are made.
The gross profit if Mr. D charges $20,000 price for the job.
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