📝 One-liners · 108 cards
Costing Methods (Chapter 32)
What is unit costing?
Method finding cost per unit by dividing total period output costs by number of units produced.
When is unit costing applicable?
Single homogeneous product manufactured continuously on large scale with identical units.
What items are excluded from unit cost sheet?
Taxes, interest, dividends, provisions, write-offs, cash discounts, asset sale gains/losses.
What is job costing used for?
Non-continuous production where each customer job is unique and costed separately.
🔒
Unlock 108 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for Costing Methods (Chapter 32).
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days