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The term "process costing" refers to the accounting method that takes into accounts all costs, either direct or indirect, during the manufacturing process of a product.
Direct cost is cost of product while direct costing is the process which study or accounts the direct cost allocation to products.
what is the purpose of process costing?
outline the characteristics and purpose of: Job costing and process costing
Yeh totally no doubt
The term "process costing" refers to the accounting method that takes into accounts all costs, either direct or indirect, during the manufacturing process of a product.
Direct cost is cost of product while direct costing is the process which study or accounts the direct cost allocation to products.
what is the purpose of process costing?
outline the characteristics and purpose of: Job costing and process costing
a job costing
Yeh totally no doubt
factoring
Job costing or as some may know it, Job order costing is fundamental to managerial accounting. It differs from Process costing in that flow of cost is tracked by job but not a process. The main difference is that Job costing is in the nature of jobs/work and process costing in a process.
Process Costing
Homogeneous product and high production volume.
process costing
debit raw materialcredit accounts payable