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Diff in costing techniques and methods

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(Querist)
07 October 2011 Dear Experts,
please distinguish between Costing Techniques and Costing Methods.
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satpal

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satpal (Expert)
07 October 2011 Dear Sushil

In one line
Costing methods are those which help a firm to compute the cost of production/services offered by the Organisation .

On the other hand, costing techniques are those which help a fi rm to present the data in a particular manner so as to facilitate the decision making as well as cost control and cost reduction.
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