Batch Costing is suitable for-A. Sugar IndustryB. Chemical IndustryC. Pharma IndustryD. Oil Industry
Question
Batch Costing is suitable for-A. Sugar IndustryB. Chemical IndustryC. Pharma IndustryD. Oil Industry
Solution
Batch costing is a costing method that is suitable for industries where products are produced in batches or groups. It allows for the calculation of the cost of each batch of products, which can be useful for determining the profitability of different batches or for pricing purposes.
In the given options, batch costing is suitable for industries such as the sugar industry, chemical industry, pharma industry, and oil industry. These industries often produce products in batches or have production processes that involve the creation of batches.
Therefore, the correct answer is: A. Sugar Industry, B. Chemical Industry, C. Pharma Industry, D. Oil Industry.
Similar Questions
Batch Costing is suitable for
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