Question

Which of the following calculate the actual cost of product:
Ops: A.Cost estimation

B.costing
C.
Both a and b
D. ONone of these​

Answer 1

Costing calculates the actual cost of the product.

• Costing represents a effective method of business accounting that attempts to adequately express the net cost of production of an enterprise.
• The overall costs are accurately ascertained by typically measuring the variable costs of each production step, as well as fixed costs, such as leasing costs.
• Costing analyses the actual cost of the valuable good. It is an accounting scheme that properly uses the real cost and actual features used in manufacturing to properly assess the direct cost of specific goods.

Answer 2

HELLO DEAR,

Answer:-

Costing calculate the actual cost of product.

It is a method of calculating product cost for businesses, called actual cost. Adopting this technique you can take your actual cost, which may have been higher lower than the budget cost .

in accounting actual cost equal to the amount of money that was paid to acquire a product or asset.

I HOPE IT'S HELP YOU DEAR,

THANKS.