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
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