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