Process Costing System Definition
Process Costing System Definition:
Process costing system is a costing system used in those manufacturing situations where a single, homogeneous product (such as cement or flour) is produced for long periods of time.
Other Related Accounting Articles:
- Similarities between Job Order and Process Costing System
- Job Order Costing System Definition
- Difference between Job Costing and Process Costing
- Impact of Just In Time (JIT) Inventory Methods on Variable and Absorption Costing System
- Activity Based Costing
- Back flush Accounting
- Marginal Costing Definition
- How to Calculate Activity Based Costing
- Joint Product Cost Definition
- Optimization
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