Question

The technique and process of ascertaining cost is known as

Answer 1

unit costing or single costing........
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Answer 2

Introduction: Costing refers to any method of allocating expenses to a business item.

Explanation:

Customers, distribution networks, staff, geographic regions, items, product lines, processes, subsidiaries, and whole businesses are frequently costed.

Costing can also include the assignment of fixed costs, which are costs that stay constant independent of activity level. This is known as absorption expenses.

As a result, costing is a strategy and process for determining expenditures.