Answer: C. Costing methods

Explanation: The correct answer is “Costing methods”. Costing methods are systems that are designed and applied to match the specific processes, systems, or services in production. These methods help determine the costs incurred and how they are allocated during the manufacturing or service delivery process.

Run down: Costing methods are used in manufacturing or service organizations to allocate and track costs efficiently based on the nature of production or the services rendered. Depending on the production setup, specific methods like job costing, process costing, or batch costing may be applied.