Q256
State which of the following are the characteristics of service costing. 1. High levels of indirect costs as a proportion of total costs 2. Use of composite cost units 3. Use of equivalent units
A.
(1) only
B.
(1) and (2) only
AnswerC.
(2) only
D.
(2) and (3) only
Answer: Option B
Solution
Answer: Option B
Solution:
The following that are the characteristics of service costing are High levels of indirect costs as a proportion of total costs and Use of composite cost units.