The costs and benefits associated with service costing are influenced by the complexity of the costing system, the accuracy of the service cost information and the relevance of service cost information to managing resources and creating value.

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Service costing involves determining the costs associated with providing a service. The costs and benefits of service costing are affected by factors such as the complexity and accuracy of the costing system, as well as the relevance of the cost information to managing resources and creating value. A more complex and accurate costing system can provide more detailed and precise cost information, but may also be more expensive to implement. The relevance of the cost information to managing resources and creating value depends on how well the information can be used to make decisions and improve performance.

The Costs and Benefits Associated with Service Costing Are Influenced