Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowUnder Single output costing or unit costing, the cost of a product is as certained, the product being the only one produced like bricks, coals,etc. Under Job costing, cost of each job is ascertained separately. It is suitable in all cases where work is undertaken on receiving acustomer’s order like a printing press, motor workshop, etc. Batch Costing is the extension of job costing. A batch may represent a number of small orders passed through the factory in batch. Each batch here is treated as a unit of cost and thus costing is done separately. Here cost per unitis determined by dividing the cost of the batch by the number of units produced in the batch. Under Contract Costing, the cost of each contract is as certained separately. It issuitable for firms engaged in the construction of bridges, roads,buildings etc. Under Process Costing, cost of completing each stage of work is ascertained, like cost of making pulp and cost of making paper from pulp.
Who has been appointed the Chairman of the 16th Finance Commission of India?
Out of the given options,which scheme’s objective is to conduct an annual survey at the gram panchayat level to monitor the progress in the developmen...
When Akbar besieged the Fort of Chitoor, who among the following defended it for four months?
Consider the following statements concerning United Arab Emirates:
1. Oman is one of the seven Emirates which form the United Arab Emirates.
Who assassinated Sir Curzon-Wylie in London?
A and B enter into partnership. A invests some money at beginning, B invests thrice the amount after 8 months and C invests double the amount after 5 mo...
What is the average of first 21 multiples of 2.1?
Which of the following is incorrect about Nobel Prize 2014?
Which rock inscription gives an account of the achievements of Kalinga King Kharvela ?
Depreciation of fixed assets is an example of