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Methods of costing - Accounts Various Costing Methods by ClassOf1

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Explanation to various methods of costing and comparison.

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									              Sub: Managerial Accounting                                         Topic: Various Costing Methods



              Question:
              Explanation to various methods of costing and comparison.

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              Costing methods, job and batch costing, marginal costing and absorption costing approaches
              and comparison


              Solution:
              Cost may be ascertained by different methods. But the general principles are the same in every
              method; only methods of collating and representing the cost data will vary. The method to be
              used in collating and presenting costs will depend upon type of output and nature of
              production. 
								
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