Which of the following is/are the characteristics of service costing : (i) Use of composite cost units (ii) Documents like daily log sheet, cost sheet, etc. are used for collection of cost data (iii) Expenses are divided
CS Executive · Cost and Management Accounting · PYQS · June 2016
Which of the following is/are the characteristics of service costing : (i) Use of composite cost units (ii) Documents like daily log sheet, cost sheet, etc. are used for collection of cost data (iii) Expenses are divided on functional basis as in unit costing. Select the correct answer from the options given below —
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Service Costing
Related Questions in this Topic
- 34. Calculate the cost to be charged per day per room for a multinational hotel company using the following information ...
- 33. In transport service industry, costs are classified as ..........
- A hotel has a capacity of 100 single bed-rooms and 40 double bed-rooms. The average occupancy for single bed-room is 80%...
- Which of the following 'Cost Unit' is not used by the organisation engaged in providing services?
- In service costing, costs are classified as: