Question

Match List-I (Costing) with List-II (Industry where applicable):

List I	List II
(A) Batch Costing	Oil Industry
(B) Joint Cost	School
(C) Operating Cost	Pharma Industry
(D) Process Costing	Refineries

• (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
• (A) - (II), (B) - (I), (C) - (III), (D) - (IV)
• (A) - (III), (B) - (IV), (C) - (II), (D) - (I)
• (A) - (III), (B) - (I), (C) - (II), (D) - (IV)

Hint:

Match costing methods with industry-specific requirements for optimal efficiency

Answer 1

The Correct Option is D

Batch Costing = Pharma Industry. Shared cost among multiple products.
Joint Cost = Oil Industry. Operational expense-specific costing.
Operating Cost = School. Tailored for educational institutions.
Process Costing = Refineries. Tracks cost for each production phase.