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Cost Accounting by V. Rajasekaran, R. Lalitha

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11

Operating Costing or Service Costing

LEARNING OBJECTIVES

After studying this chapter, you should be able to:

  1. Understand the meaning and salient features of operating or service costing.

  2. Ascertain the cost per unit of service costing.

  3. Identify the cost data with respect to operating costing.

  4. Compute cost relating to different types of industries using operating costing—transport costing, power house costing and canteen costing.

  5. Explain the meaning of important key terms.

The role of service sector in the national economy has become significant nowadays. The term “service” is being used extensively under different contexts. It means services rendered by various departments within the organization or organizations providing services to ...

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