Cost method and cost unit in case of sugar industry is ........

Costing - Phase (I & II) Methods of Costing

Download Solution PDF

Cost method and cost unit in case of sugar industry is:

Process Costing; per ton

Contract costing; per liter

Multiple costing; per acre

Unit costing; per meter

छोटे Courses बड़े Results

Master Methods of Costing

Prepare through Micro-courses

Try Now

Explanation:

Process costing: There are many goods that are produced continuously. The goods are homogeneous and are usually produced in huge quantities. In continuous processing, the output of one process becomes the input of the next process and so on until we achieve our finished product. Some examples of products that use process costing are sugar, edible oil, chemicals, salt etc.