Economics · Methods of Costing
Which of the following is a characteristic of Service Costing?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Used only in manufacturing industries
- 2It is not required in service industries
- 3Involves allocation of costs to various services✓
- 4Cost per unit is easy to determine due to tangible output
Correct answer
Involves allocation of costs to various services
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