Page 198 - F2 - MA Integrated Workbook STUDENT 2018-19

Chapter 9

Different types of production

There are different types of costing system that are used depending on the type of
production a business uses.

Specific order costing is the costing system used when the work done
by an organisation consists of separately identifiable jobs or batches.

Continuous operation costing is the costing method used when
goods or services are produced as a direct result of a sequence of
continuous operations or processes.

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