CA Inter P4 · Chapter 11 · Question 7 of 8
Service costing is also known as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Operating costing
Explanation
Service or operating costing is used by undertakings that provide services, such as transport, hospitals, hotels and power supply, rather than manufacture products. Costs are ascertained per composite or simple service unit.
More Service Costing MCQs
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