Question

The methods of ascertaining costs are available to suit the business need as:

(A) Job costing

(B) Operating costing

(C) Service or operating costing

(D) All of these​

Answer 1

All of these​ methods of ascertaining costs are available to suit the business need.

Option (d) is correct.

Explanation:

• Methods of costing refer to a specific system of cost accounting and the ascertainment of cost.
• Every industry has a different nature and it differs with respect to production, services, and the methods of cost used by the industries.
• For example, the costing method of a construction company will be different from a transport company.
• Common methods are job costing, operation costing and process costing.

Answer 2

Answer:

13. The methods of ascertaining costs are available to suit the business need as: