Sub: Managerial Accounting Topic: Various Costing Methods Question: Explanation to various methods of costing and comparison. ClassOf1 provides expert guidance to College, Graduate, and High school students on homework and assignment problems in Math, Sciences, Finance, Marketing, Statistics, Economics, Engineering, and many other subjects. 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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