BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Accounting and Auditing Cost and Management Accounting
Which of the following is a key characteristic of batch costing?
1
It is used for products that are produced continuously over time.
2
It applies to industries where each unit of production is unique and customized.
3
It involves assigning costs to a group of similar products manufactured together.
4
It is used for large-scale construction projects.
5
It allocates costs based on the total sales revenue of the batch.