Question

Q2. Which method of costing is used
in hospitals. अस्पतालों में लेखांकन की किस
विधि का उपयोग किया जाता है।​

Answer 1

Answer:

it's value based costing (VBC)

Answer 2

Volume-based costing method is used

in hospitals.

Explanation for the answer:

• To realize or to know an effective cost control, a practical and accurate cost, accounting system is indispensable in hospitals.
• In traditional cost accounting systems, volume-based costing (VBC) is the most popular cost accounting method which is used in hospitals.
• In this method, the indirect costs are allocated to each cost object using a single indicator named a cost driver.
• For example: Services or units of a hospital used a single indicator such as Labor hours, revenues or the number of patients

(#SPJ3)