📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    ⚡ Month End Offer- Few Hours Left Flat 55% Off On All Courses!! Coode - OCT55 Enroll Now ⚡
    00:00:00 AM Left

    Question

    Which costing method is most suitable for the oil

    refining industry?
    A Job costing Correct Answer Incorrect Answer
    B Batch costing Correct Answer Incorrect Answer
    C Process costing Correct Answer Incorrect Answer
    D Contract costing Correct Answer Incorrect Answer

    Solution

    Oil refining is a continuous production process, so costs are averaged over large volumes, making process costing ideal.

    Practice Next
    ask-question