1.The signiface of calculation of the cost of production is very important because it is very useful for companies in making decision.
2.A costing is an estimate of all the costs involved in a project or bussiness venture while markup is the percentage amount by which the cost of a product is increased to arrive at the selling price.
Answers & Comments
Answer:
1.The signiface of calculation of the cost of production is very important because it is very useful for companies in making decision.
2.A costing is an estimate of all the costs involved in a project or bussiness venture while markup is the percentage amount by which the cost of a product is increased to arrive at the selling price.