Tag Archives | Process Costing

Process Costing refers to a method of accumulating cost of production by process. It represents a method of cost procedure applicable to continuous or mass production industries producing standard products. Costs are compiled for each process or department by preparing a separate account for each process. Process costing can be applied in chemical works, oil refining, food manufacturing, paint works, [...]

In this article we will learn 12+ Key Features of Process Costing. Key, Distinctive and Special Feature of Process Costing (with Examples and as employed in Industries) Top 6 Features of Process Costing The features of process costing are: (1) Each process represents a distinct stage of production for which a separate process account is prepared. (2) Output of the [...]