Costing methods is the techniques and procedures used in cost accounting and

management accounting to obtain the costs of services, products, processes, and cost centres to provide the information required to undertake performance measures, decision making, planning, and control.

Discuss THREE (3) costing methods can be used by organization to determine

cost of production.

ii. Differentiate between batch costing and job costing.

B. Costing methods is the techniques and procedures used in cost accounting and management accounting to obtain the costs of services, products, processes, and cost centres to provide the information required to undertake performance measures, decision making, planning, and control. Required: i. Discuss THREE (3) costing methods can be used by organization to determine cost of production. (6 marks) ii. Differentiate between batch costing and job costingl (4 marks)