PROCESS COSTING
This query is : Resolved
09 August 2010
Process costing: This is used in mass production industries manufacturing standardized products in continuous processes of manufacturing. Cost is accumulated for each process or department. Process costing is a type of costing, which is used in industries
where one or more processes are involved while converting raw material
into finished goods. It applies to the following industries
Paint
Chemical
Food manufacturing
Oil refining
Paper mills
Textile mills
Canning
Dairy etc.
Standardization is possible because of similar products. Standardization means defining or setting the process for continuous flow of production.
where one or more processes are involved while converting raw material
into finished goods. It applies to the following industries
Paint
Chemical
Food manufacturing
Oil refining
Paper mills
Textile mills
Canning
Dairy etc.
Standardization is possible because of similar products. Standardization means defining or setting the process for continuous flow of production.
09 August 2010
Dears Santosh,
You can give me your email id i will mail you some useful file to understand the same.
Regards
You can give me your email id i will mail you some useful file to understand the same.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Capital gains in IT returns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
