In service costing, costs are classified as:

CS Executive · Cost and Management Accounting · PYQS · June 2019
In service costing, costs are classified as:
(A) Fixed cost, Normal cost and Standard cost
(B) Standard cost, Marginal cost and Variable cost
(C) Variable cost, Fixed cost and Marginal cost
(D) Standard charges, Running charges and Maintenance charges

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Service Costing

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