Process costing: Difference between revisions
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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