service costing

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December 3, 2016 at 9:51 am #353371
sxhawty
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sir, does a retail business uses service costing?
December 3, 2016 at 4:05 pm #353453
John Moffat
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They are unlikely to use any costing – a retail business buys from outside and then sells 🙂
Because they are buying from outside, the cost is known.

They will obviously take account of their other costs (staff costs etc, in deciding on the selling prices).
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