Toy manufacturing industry should use _______.

unit costing
process costing
batch costing
multiple costing

The correct answer is: A. unit costing

Unit costing is a costing method that is used to determine the cost of a single unit of product. It is a simple and straightforward method that is often used in industries where products are relatively homogeneous.

In the toy manufacturing industry, unit costing is a good option because toys are typically mass-produced and have relatively low unit costs. Unit costing can help to ensure that the costs of producing toys are accurately tracked and that prices are set appropriately.

Process costing is a costing method that is used to determine the cost of a process or operation. It is a more complex method than unit costing, but it is often necessary in industries where products are heterogeneous or where there are multiple stages of production.

Batch costing is a costing method that is used to determine the cost of a batch of products. It is a hybrid of unit costing and process costing, and it is often used in industries where products are produced in batches.

Multiple costing is a costing method that uses a combination of different costing methods. It is often used in industries where there are multiple products or where the production process is complex.

In the toy manufacturing industry, unit costing is the most appropriate costing method. It is a simple and straightforward method that is well-suited to the industry’s needs.

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