Diff in costing techniques and methods
This query is : Resolved
Sushil Kumar Shaokand
(Querist)
07 October 2011
Dear Experts,
please distinguish between Costing Techniques and Costing Methods.
please distinguish between Costing Techniques and Costing Methods.
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.
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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