Operating costing method is one designed to ascertain and control the costs of the undertakings which do not produce products but which render services. Operating costing is also known as service costing. Which of the following are the objectives of operating costing ?
1
To calculate the cost of uniform service rendered to the customers.
2
To ascertain cost of all services produced within an undertaking viz., internal and external services.
3
To calculate the fixed cost investment needed exclusively for automated manufacturing in a new manufacturing plant.
4
Only 1 and 2