Question

Which is a method of specific order costing?

Answer 1

Answer:

Specific order costing is the category of basic costing methods applicable where the work consists of separate jobs, batches or contracts each of which is authorised by a specific order or contract. It includes job costing consisting batch costing and contract costing.

Answer 2

Job costing is the method of costing which comes under specific order costing. This method is used to affix the cost according to the job or the work type separately.

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