State which of the following are the characteristics of service costing.
1. High levels of indirect costs as a proportion of total costs
2. Use of composite cost units
3. Use of equivalent units
A. (1) only
B. (1) and (2) only
C. (2) only
D. (2) and (3) only
Answer: Option B
Solution(By Examveda Team)
The following that are the characteristics of service costing are High levels of indirect costs as a proportion of total costs and Use of composite cost units.Join The Discussion
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state the nature of cost a cost items "A"
if the total cost is 1500 units of production
Level is Rs. 13,500 and total cost
at 2000 units of production level is
Ro. 18.000