Following are the operating cost questions and answers. Operating Costing Problems and Solutions 1. What is Operating Costing Method? Operating cost is a method to ascertain operating cost per unit where standardized services are provided for example an undertaking engaged in the hotel, cinema, transportation, etc. may use it. 2. What is the object of … [Read more...] about Top 14 Operating Costing Problems and Solutions
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Top 13 Process Costing Problems and Solutions
Following are the problems and solutions of Process Costing in form of cost accounting. Process Costing: Problems and Solutions 1. What do mean by Process costing method? It is a method of cost determination and is used in manufacturing concerns where raw material passes through many processes up to finished goods. 2. Explain the objective of the Process Costing … [Read more...] about Top 13 Process Costing Problems and Solutions
Top 14 Contract Costing Problems and Solutions
Contract costing is an agreement between contractor and contractee that the contractor will complete work specified in the contract in a given period for a certain sum of amount. Contract Costing: Questions and Solutions 1. What do you mean by Contract? Under the contract, a specified work is performed in a stipulated period at a specific rate. 2. What is a … [Read more...] about Top 14 Contract Costing Problems and Solutions
Top 13 Unit Costing Problems and Solutions
Unit costing is calculations for a unit piece in manufacturing in organizations. Following are the top Unit Costing Question Answers (Cost Accounting). Unit Costing Problems and Solutions 1. Define unit cost? Unit cost refers unit of production or service for which costs are ascertained and expressed. 2. What is the Unit Costing method? It is a method of … [Read more...] about Top 13 Unit Costing Problems and Solutions
Top 21 Labour Cost Question Answer (Cost Accounting)
![Labour Cost: Top Short Q&A [Cost Accounting]](https://www.googlesir.com/wp-content/uploads/2018/04/15237819555271-353x189.jpg)
labour costing is a very important part of cost accounting. Following are the Top Question answers on Labour cost. Labour Cost Question Answer (Cost Accounting) 1. Define Piece workers. Piece workers are those workers to whom wages are paid according to work done or per item manufactured. 2. What is meant by Casual labour? Casual workers or not regular … [Read more...] about Top 21 Labour Cost Question Answer (Cost Accounting)