Procedure and Process costing: Difference between pages
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Process costing (rather than job costing) is used when production is of homogenous items and is organised on a continuous or flow-line basis. | |||
Under process costing, costs are accumulated for each separate process or operation for a period of time, and then averaged by dividing the total cumulative costs for the period by a measure of the output (for the same period). | |||
== See also == | |||
* [[Job costing]] | |||
==See also== | |||
* [[ | |||
Revision as of 11:24, 22 June 2016
Process costing (rather than job costing) is used when production is of homogenous items and is organised on a continuous or flow-line basis.
Under process costing, costs are accumulated for each separate process or operation for a period of time, and then averaged by dividing the total cumulative costs for the period by a measure of the output (for the same period).