Question

241. In cement industry, the method of costing adopted is
(a) Process costing
(b) Job costing
(c) Contract costing
(d) Operating costing

Answer 1

Answer:

Process Costing is the answer

Answer 2

The correct answer is option (a) Process costing.

Explanation:

• In cement industry, the method of costing adopted is
• Process costing refers to a method of costing under which all costs are accumulated for each stage of production or process.
• Also the cost per unit of product is ascertained at every stage of production by simply dividing the cost of each process by the normal output of that process.
• Hence, the correct answer is option (a) Process costing,