Decisions to install new equipment, replace old equipment, and purchase or construct a new building are examples of A. qualitative decisions. B. sales mix decisions. C. direct costing decisions. D. capital investment decisions.

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Q: computing ROI,

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Contract Costing

Contract costing is about tracing particular costs related to a particular contract entered into with the customer. It is one of the forms of job order costing. It is useful in long-term contracts at the most. It is seen that substantial time is required for the completion of the contract which takes different accounting periods. Thus, it is very much helpful for recognizing the costs associated with it and accounting in their specific accounting periods.