Question

7. Which one of the following is not a costing technique?
(A) Standard costing
(B) direct costing
(C) Absorption costing
(D) Process costing​

Answer 1

Answer:

Standard costing is the answer

Answer 2

Answer:

Standard costing is not a costing technique.

Explanation:

• Standard costing refers to the process of estimating different expenses of a production unit.

• Direct costing refers to a cost accounting method.

• Absorption costing again is a cost accounting method that is used to calculate manufacturing costs.

• Process accounting is a cost accounting method. It is generally used in manufacturing units.

• Hence standard costing is the odd one out from the list mentioned.