Tag Archives | Methods of Costing

Everything you need to know about the different methods of costing. The term 'methods of costing' can be used to refer to the different processes or procedures employed for the determination and presentation of costs. There are different methods of costing for different industries depending on their nature of work. The methods of costing can be studied under the following [...]

Everything you need to know about the methods of costing. The method of costing refers to a system of cost ascertainment and cost accounting. Industries differ in their nature, in the products they produce and the services they offer. Hence, different methods of costing are used by different industries. For example, the method of costing employed by a building contractor [...]