Q65
Multiple costing is a technique of using two or more costing methods for ascertainment of cost by _______.
A.
the same firm
AnswerB.
the several firms
C.
the same industry
D.
the several industries
Answer: Option A
Solution
Answer: Option A
Solution:
Multiple costing is a technique of using two or more costing methods for ascertainment of cost by the same firm. Multiple costing, also known as composite costing, is a type of accounting method used when goods are sold that contain several other processed parts, and these parts are costed differently.