Describe briefly the various methods of costing. State giving reasons which method of costing you would recommend

Question:

Describe briefly the various methods of costing. State giving reasons which method of costing you would recommend for use in the following:

(i) Chemical Works;

(ii) Road Transport Company;

(iii) Steel Mill Owning Iron Ore Mines;

(iv) Coal;

(v) Nursing Home;

(vi) Painter and Decorator;

(vii) Constructional Engineer

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: