Economic Batch Quantity is an important point to be determined in industries where hellip helli...........

Costing - Phase (I & II) Methods of Costing

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Economic Batch Quantity is an important point to be determined in industries where …………… costing is employed.

Job

batch

operation

output

Contract

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Explanation:

Batch costing is very common in the engineering component industry, footwear and clothing manufacturing industries. The selling prices of batches are calculated in the same ways as the selling prices of jobs, i.e. by adding a profit to the cost of the batch