Multiple choice

Directions: Choose the correct option for the given question.

_____ costing is widely used in engineering industries.

  1. Marginal cost

  2. Standard cost

  3. Unit cost

  4. Service cost

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Standard costing is widely used in engineering and manufacturing industries to control costs and measure efficiency by comparing actual performance against predetermined standards. It helps in identifying variances and improving operational performance.

Keep practicing — related questions