In ……………………costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs are collected and averaged over the units produced during the year:

Related MCQs

• The method of costing applied in biscuit industries is...................costing and in steel industry…............. costing.
• .......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.
• Under marginal costing, stocks of finished goods and work-in-process are valued at …………….. costs only
• Multiple costing is a technique of using two or more costing methods for ascertainment of cost by.
• In transport costing...........................charges vary more or less in direct proportion to kilometers run.
• One of the primary differences between marginal costing and absorption costing regarding the treatment of .
• Process costing is also known as…......................costing.
• Operating costing is also known as........................costing.
• costing is a type or technique of costing.
• ……….costing is a type or technique of costing.