An example of composite unit in transport costing is:

Related MCQs

• The job costing method can therefore be applied in costing batches. The only difference is that a number of items are being costed together as a single unit, instead of a single item or service.
• Per kilometer is an example of……………..cost unit used in transport undertakings.
• Process costing provides a system of costing where the following characteristics occur. Identify which of the following are correct:
• A job costing system is usually based on absorption costing principles, and in addition a cost is included for non-production overheads.
• Job costing is a costing method applied where work is undertaken to customers’ special requirements and each order is of comparatively short duration.
• Batch costing is similar to job costing in that each batch of similar articles is separately identifiable.
• In cinema halls, composite cost unit is ________________:
• An equivalent unit means ‘equal to one finished unit of output’.
• In transport service, cost sheet depreciation cost are grouped under:
• Costing is specialized branch of accounting which deals with: