Process costing
This query is : Resolved
sanjay sharma
(Querist)
11 October 2013
concept of process costing
CMA Ramesh Krishnan
(Expert)
11 October 2013
Process costing is a method of costing under which all costs are accumulated for each stage of production or process, and the cost per unit of product is ascertained at each stage of production by dividing the cost of each process by the normal output of that process.
CA Pallav Singhania
(Expert)
11 October 2013
Process costing is a method of costing in which series of operation is performed before a fished product comes into existence.
For Instance, the output of 1st process is the input of 2nd process, the output of the 2nd is the input of the 3rd and so on..
For Instance, the output of 1st process is the input of 2nd process, the output of the 2nd is the input of the 3rd and so on..
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