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    Question

    Which of the following is NOT a characteristic of

    contract costing?
    A Each contract is treated as a cost unit. Correct Answer Incorrect Answer
    B Contracts are completed within one accounting year. Correct Answer Incorrect Answer
    C Costs are charged directly to each contract. Correct Answer Incorrect Answer
    D Work is carried out at different sites. Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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