Which accounting assumption assumes that all accounting information is reported monthly or yearly? By definition the time period assumption presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepareâ¦d for those periods. Answer is Time period assumption. 1 person found this useful.
Average new home construction costs are approximately $100 per square foot. State averages range from $75 to $130 dollars. These figures are somewhat deceptive though, as are all averages. Obviously as with all averages, some cost a lot more and some cost a lot less.
The average construction cost is much higher than the 2011 cost, which was $184,125, and NAHB notes it is the highest itâs been since 1998. The 2013 construction cost per square foot ($95) also jumped in comparison to 2011, where it was $80 per square foot. sold for $399,532. 2  average share of the homeâs sales price which goes to construction cost was 62% (up from 59% in 2011). 3  second largest share of the sales price, which was the finished lot costs, was 19% (lower than the 2011 share of 22%).