11
Service Costing/Operating Costing
CHAPTER OUTLINE
LEARNING OBJECTIVES
After reading this chapter, you will be able to understand:
- The meaning of operating costing
- The importance of operating costing
- The industries where operating costing is adopted
- Different units used in operating costing
- How the fares and tariff are fixed in transport industries
11.1 INTRODUCTION
It is a method of ascertaining costs of providing or operating a service. This method of costing is applied by those undertakings, which provide services rather than production of commodities. The emphasis under operating costing is on the ascertainment ...
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