In some situations it may be necessary to calculate a composite cost unit. There are four in cinema halls composite cost unit is main differences between the ‘output’ of service industries and the products of manufacturing industries. Let us consider baggage on an airline, the weight of the baggage and…

Alternatively, service organisations may use several different cost units to measure the different kinds of service that they are providing. Service costing has given a new dimension to the intangible products in the accounting world. This is also important in the sense that the service industry has rapidly evolved in…