Lucas-TVS Costing Executive Interview Questions and Answers

Costing method and concepts refer to the techniques and principles used to determine the cost of products or services.

• Costing methods include job costing, process costing, and activity-based costing.

• Costing concepts include direct costs, indirect costs, fixed costs, variable costs, and overhead costs.

• Understanding costing methods and concepts helps in accurate cost estimation, pricing decisions, and profitability analy