Saturday, August 27, 2011

Methods of costing

The concept and rules related to determining the cost of a product or service is called costing . There are diffirent method of costing . The process of working is diffiers from business to business . Likewise ,the method of costing are diffirent . For example , the production process foe catton textile and biscuits is different . should be adopted in consideration of the nature of the product . The following paragraph describe the general method of costing :

1. job order costing 
2. process costing 
3. service costing / operating costing 
4. unit costing  method
5.batch costing 
6. multiple costing method etc.

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