Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

Service Costing

This topic has 3 replies, 2 voices, and was last updated 1 year ago by John Moffat.

Viewing 4 posts - 1 through 4 (of 4 total)

Author
Posts
August 22, 2021 at 10:42 am #632516
maximus07
Participant
- Topics: 407
- Replies: 398
Which of the following is not typically a feature of service costing?
A. Allocating costs between fixed and variable elements
B.Accurate time recording
C. Accuracy in valuing work in progress
D.Unique nature of the work
Answer is D. Can you explain sir? Isn’t it quality of Service?
August 22, 2021 at 10:56 am #632519
John Moffat
Keymaster
- Topics: 56
- Replies: 51576
Service costing will normally be calculating the cost per hour of delivering a service when the service is a standard service (not unique).
August 22, 2021 at 11:17 am #632523
maximus07
Participant
- Topics: 407
- Replies: 398
And sir, Services are not unique? Like one service would not be different to other?
August 22, 2021 at 4:01 pm #632545
John Moffat
Keymaster
- Topics: 56
- Replies: 51576
They can be different but then we would not use service costing.
However where did you find this question because it is very strange (mentioning work in progress which is not typically a feature of service costing!!)
Author
Posts

Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.