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Commerce · Q63

Costing

Graduate and Post Graduate · Commerce · question 63

Q63

Costing refers to the techniques and processes of ________.

A.
ascertainment of costs
Answer
B.
allocation of costs
C.
apportion of costs
D.
distribution of costs

Answer: Option A

Solution

Answer: Option A
Solution:
Costing refers to the techniques and processes of ascertainment of costs. Costing is any system for assigning costs to an element of a business.