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Explain What is unit costing?
Answers:
Answer #1Unit costing is a means of recording all the costs - direct
and indirect - associated with the delivery of services.
Total cost of service provision divided by the total amount
of service provided
and indirect - associated with the delivery of services.
Total cost of service provision divided by the total amount
of service provided
Answer #2Unit costing is cost element based costing .
If the information regarding source of supply,quantity of material and prices are known,we can do unit costing to produce a cost plan for the WBS element.we can do here cost planning on overal and annual basis, and it extracts existing data from material masters,cost center and purchase info records
If the information regarding source of supply,quantity of material and prices are known,we can do unit costing to produce a cost plan for the WBS element.we can do here cost planning on overal and annual basis, and it extracts existing data from material masters,cost center and purchase info records
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