Operating costing is a .............. of costing.
Show Hint
- method
- technique
- norm
- procedure
The Correct Option is A
Solution and Explanation
It is not just a tool but a complete method of costing because it involves systematic steps to collect and calculate cost data for operations.
This method applies to transport, hospitals, hotels, power houses, and similar undertakings.
It helps find the cost per service unit like per km, per meal, per room night, or per patient day.
So, operating costing is rightly classified as a method of costing.
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