Q164
Which method of costing can be used in furniture manufacture industry?
A.
Job costing
AnswerB.
Contract costing
C.
Process costing
D.
Specific order costing
Answer: Option A
Solution
Answer: Option A
Solution:
Job costing method of costing can be used in furniture manufacture industry. A job card is made for each work or job. This method of costing is used in the factories which produce the machine tool and other engineering products, furniture projects, hardware and interior decoration. This method of costing is also called a piece of work costing or terminal costing.