इन व्हिच ऑफ द फॉलोइंग एरिया operating costing is not applicable
Answers
Answer:
Explanation:
Operating costing is an extension and refined form of process costing. It is also more or less very similar to single or output costing. The operating costing gives more emphasis on providing services rather than the cost of manufacturing an article. The services provided may be for sale to the general public or they may be provided within an organization.
The operating costing is also called as service costing, period costing or terminal costing. Service costing means rendering service to the public or to an organization for which cost is accumulated and calculated. Period costing means the costs data collected and calculated for a specific period. Terminal costing means a bus or truck of a transport undertaking chartered for a specific trip.
Meaning of Operating Costing
Operating costing is a process and technique of accumulating and ascertainment of cost for providing a standardized service to the public or to an undertaking.