Process costing: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Administrator
(CSV import)
(No difference)

Revision as of 14:20, 23 October 2012

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