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Why would a firm use job order costing?
Fixed cost, being what they are and by nature, fairly consistant job to job (or no job), job order costing would become especially important when the variable costs relative to a job are such that it becomes the only effective way to determine the profitability, if any, of any specific project.
How long after completion of a job does a contractor usually bill for his work?
Typically, a contractor may bill for their work immediately upon completion of a job, or within a few days to a couple of weeks. The exact timing can vary based on the terms outlined in the contract, the size of the project, and the contractor's billing practices. Some contractors may also have a progress billing schedule, where they invoice at various stages of the project rather than waiting until the job is fully completed.
What is the relevance of using Job Order Costing in the construction industry?
I think it helps the construction companies to track how much material they are using for a particular job and also how many labor hours are put in. the rate of land also differs so it makes it easy for them to determine the value of the project easily.
Briefly explain why a small engineering companies might use job costing as a preferred method for some of their projects or products?
Job costing: the flow of all costs (direct labor, materials, overhead, etc) are based on the overall job at a given point in time. Process costing: the flow of all costs are based on the various processes and their % complete at a given point in time. Siince engineeering firms are normally project driven (and the project is just one long process) it makes sense to track costs vs. expenses on an hourly basis. Process costing makes better sense for a manufacturing company where there might be several processes from diifferent cost centers (Materials, manufacturing, supply chain, etc) and each are critical to the product's quality and profitability. Some might say that a project is based upon multiple job phases that look suspiciously similar to individual processes, but this is not really the case Allyn
What kind of accounting jobs would a construction site need?
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking. Normally, the job is managed by a project manager, and supervised by a construction manager, design engineer, construction engineer or project architect.
What is your definition of going the extra mile for a customer?
Going the extra mile for a customer means to do the job plus more. A solid customer service representative will give the customer more than they expect.
What motivates you to do a job?
Money
Tell me about a time when you went the extra mile for a customer?
When a person is said to go the extra mile, it is in reference to doing or working more than what is required. Going the extra mile in life is often the source of great rewards, and makes a person feel good about what they are doing.
Why do you think you fit for this job airport?
I feel I am the best fit for this job, because I am a team player, very energetic, love to juggle multiple task, will go the extra mile to get the job done.
What motivates you to do your job?
Through intensive and recognition ...
What motivates you to do good job?
The factor that motivates me to do a good job is to better myself each time i take up an assignment or a job.
Describe what you did in a difficult project environment to get the job done on time and on budget?
You could talk about how you motivated everyone to work extra hours and rewarded their effort. This helped the project get done in time and on budget.
How do you answer the job interview question 'What motivates you to get out of bed in the mornings'?
if i wanna get paid i have to be on time
What motivates you to do your best?
expectation of praise for exeptionally fine job and the innate satisfaction of knowing I completed a job well done.
What is the job of a project manager?
The job of the Project Manager is to (among many, of course): - Manage the project - Manage stakeholders - Monitor the project's budget and schedule - Develop the project plan - Manage project conflicts
What motivates a customer to travel?
There are many things that motivates a person to travel. It could be curiosity, job offers, health reasons, family tragedy, or a person being born.
How do you answer 'What motivates you' in a job interview with Ethiopian Airlines?
Basically, be honest and tell what it is that motivates you. It could be making the flight enjoyable for the passengers, your love of travel, or any number of things.
