what is mean by unit costing and batch costing could you plse explain me .🤝
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Quick Summary
This discussion clarifies the concepts of unit costing and batch costing. Unit costing focuses on the expenses associated with producing, storing, and selling a single item. In contrast, batch costing deals with the collective costs incurred when producing a group of goods or services.
Unit costing is , cost to produce ,store, sale of a perticular Unit ,. where as batch costing means cluster of cost incurred to produce Goods or Services