Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

Exercise 7

Interview the manager of a construction company (for example, a company that does house construction, remodeling, landscaping, or street or highway construction) about how the company bids on prospective jobs. Does it use cost information from former jobs that are similar to prospective ones, for example Does it have a specialist in cost estimation who estimates the costs of prospective jobs Write a report to your instructor summarizing the results of your interview.