Vidyalelo
Commerce · Q46

Costing

Graduate and Post Graduate · Commerce · question 46

Q46

Classification and accumulation of costs by fixed and variable costs is of special importance in ________.

A.
process costing
B.
unit costing
C.
operation costing
D.
operating costing
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Classification and accumulation of costs by fixed and variable costs is of special importance in operating costing. Operating costing applies where standardized services are provided by an undertaking.