Examveda
Examveda

Multiple costing is a technique of using two or more costing methods for ascertainment of cost by _______.

A. the same firm

B. the several firms

C. the same industry

D. the several industries

Answer: Option A

Solution(By Examveda Team)

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.

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