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Process Costing
SUBJECT : Management
AUTHOR : G V KESAVA RAO
PUBLISHED ON : 02/04/18
NUMBER OF PAGES : ( 52 Pages)
PRICE : Rs 33.8

Process costing is a method of costing applied where the product or material has to pass through different stages, processes or departments or cost centers or machines before it becomes 􀃀 nished product. To produce such kind of products there must be a proper sequence of activities i.e., when one process completes then the next process begins its operation. It is assumed in process costing that the average cost presents the cost per unit. Cost of production during a particular period is divided by the number of units produced during that period to arrive at the cost per unit.