Easily understand “Service Costing - Theory” in this short #Cost_Accounting video.
Services are any activity or benefit that one party can offer to another that is essentially intangible & does not result in the ownership of anything. Its production may or may not be tied to a physical product.
Contents of the Class:
Meaning of services costing
Four characteristics of services costing
• Intangibility
• Inseparability
• Heterogeneity
• Perishability
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