Question

explain the appliction and suitability of costing techniques
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Answer 1

Explanation:

Following are the main types or techniques of costing for ascertaining costs:

Uniform Costing: It is the use of same costing principles and/or practices by several undertakings for common control or comparison of costs.

Marginal Costing: ...

Standard Costing: ...

Historical Costing: ...

Direct Costing: ...

Absorption Costing: