Standardized technique that is performed repetitively on different kind of materials to convert them into different finished products is known as
A. conversion process
B. operation
C. hybridization
D. both a and b
Answer: Option B
Solution(By Examveda Team)
Standardized technique that is performed repetitively on different kind of materials to convert them into different finished products is known as operation.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
Join The Discussion