Contracts where all agreed costs are recovered is known as:

Target costing
Operation costing
Cost plus contract costing
Process costing E. Job costing

The correct answer is: C. Cost plus contract costing.

Cost plus contract costing is a type of contract in which the contractor is reimbursed for all of its costs plus a profit margin. This type of contract is often used for government contracts or for contracts with large, complex projects.

Target costing is a pricing method that involves setting a target price for a product and then working backwards to determine the costs that must be incurred to achieve that price. This type of costing is often used in new product development.

Operation costing is a type of costing that is used to track the costs of operating a business. This type of costing is often used in manufacturing businesses.

Process costing is a type of costing that is used to track the costs of a production process. This type of costing is often used in chemical processing and manufacturing businesses.

Job costing is a type of costing that is used to track the costs of individual jobs or projects. This type of costing is often used in construction and engineering businesses.

Exit mobile version