Problem:
If you ran a job orientated business, carpet layer, home builder etc. and you implemented a rock solid job costing system in place. Let's say your goal is to have a 30% profit on all jobs and this includes allocating overhead. You check your report job costing reports daily to make sure all jobs are on track and you successfully hit your target of 30% profit on all jobs.
Certainly we will print and review are Income Statement and Balance Sheet but does the costing information supersede these reports? Please explain, additional example and references are helpful.