Multiple Choice Questions on Where raw material is to pass certain stages before it is converted into finished goods the met........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Where raw material is to pass certain stages before it is converted into finished goods the met...........

Costing - Phase (I & II) Methods of Costing
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    Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is…………………

    Job costing

    Incorrect Answer

    Operating costing

    Incorrect Answer

    Process Costing

    Correct Answer

    both b and c

    Incorrect Answer
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    Explanation:

    Some times a production unit passes through various process before it gets finished. In such situation it is important to know the cost of each process. For example, oil industry. In such cases, process costing is used.

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