Costing refers to the techniques and processes of ________.
A. ascertainment of costs
B. allocation of costs
C. apportion of costs
D. distribution of costs
Answer: Option A
Solution(By Examveda Team)
Costing refers to the techniques and processes of ascertainment of costs. Costing is any system for assigning costs to an element of a business.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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