Question

20. Explain the different methods of cost accounting?​

Answer 1

Answer:

Method Type of Business

Unit costing – The costs are incurred for a fixed quatiny. Mining

Batch costing – The costs incurred for a fixed number of units forming a batch Manufacturing of spare parts

Process costing – The processes involved are easily distinguished. Textile un

Answer 2

Answer:

The main costing methods available are process costing, job costing, direct costing, and throughput costing. Each of these methods applies to different production and decision environments

Method

Unit costing – The costs are incurred for a fixed quatiny

Type of Business

Mining

Batch costing – The costs incurred for a fixed number of units forming a batch

Type of Business

Manufacturing of spare parts

Process costing – The processes involved are easily distinguished.

Type of Business

Textile units

Explanation:

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