Accountancy, asked by ummekhan468, 5 months ago

Describe the method of costing to be applied in case of oil production *

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Answered by kanishkasolanki11

0

Answer:

This method is also known as single or output costing. ... A cost sheet is prepared taking into account the cost of material, labour and overheads. Unit costing is applicable in the case of mines, oil drilling units, cement works, brick works and units manufacturing cycles, radios, washing machines etc.

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