process costing

Accounting.
a method of assigning costs to production processes where products must of necessity be produced in one continuous process, with unit cost arrived at by averaging units produced to the total cost of the process. Cf. job-order costing.

Useful english dictionary. 2012.

Look at other dictionaries:

  • Process costing — is an accounting methodology that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process. Costs are assigned to products, usually in a large batch, which might include an entire month s production. Eventually …   Wikipedia

  • process costing — A costing system sometimes applied to production carried out by a series of chemical or operational stages or processes. Its characteristics are that costs are accumulated for the whole production process and that average unit costs of production …   Accounting dictionary

  • process costing — A costing system sometimes applied to production carried out by a series of chemical or operational stages or processes. Its characteristics are that costs are accumulated for the whole production process and that average unit costs of production …   Big dictionary of business and management

  • process costing — A costing method that uses an organization’s manufacturing *processes to allocate costs to *products. Typically used in the large scale production of identical items (e.g., in the chemicals industry), process costing uses activity levels in *cost …   Auditor's dictionary

  • process costing — Accounting. a method of assigning costs to production processes where products must of necessity be produced in one continuous process, with unit cost arrived at by averaging units produced to the total cost of the process. Cf. job order costing …   Universalium

  • process costing — /ˈproʊsɛs kɒstɪŋ/ (say prohses kosting) noun a method of costing used to ascertain the cost of the product at each stage of manufacture …   Australian English dictionary

  • continuous process costing — continuous operation costing or continuous process costing Fin the costing method applicable where goods or services result from a sequence of continuous or repetitive operations or processes. Costs are averaged over the units produced during the …   The ultimate business dictionary

  • Калькуляция себестоимости попроцессная (PROCESS COSTING)  — Метод учета затрат, при котором затраты вначале собираются по бизнес процессам, а затем относятся на отдельные центры затрат и на каждую единицу продукции. Ср с Позаказная калькуляция себестоимости (Job Order Costing) …   Словарь терминов по управленческому учету

  • costing methods — The techniques and procedures used in cost accounting and management accounting to obtain the costs of services, products, processes, and cost centres to provide the information required to undertake performance measures, decision making,… …   Accounting dictionary

  • costing — cost‧ing [ˈkɒstɪŋ ǁ ˈkɒːst ] noun [countable, uncountable] ACCOUNTING the process of calculating the cost of a future activity or product, or the calculation itself: • Railtrack originally said the scheme would cost £100 million, but last year… …   Financial and business terms


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