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Process Costing Explained

Process Costing Explained

Process costing explained with examples free of cost .It is for students of managerial accounting ,read this to quickly go through process costing. http://www.brightscholarships.com Twitter @scholarshipskys

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798 views • 68 slides
PROCESS COSTING

PROCESS COSTING

PROCESS COSTING. PROCESS COSTING. Job costing assigns costs to each individual unit of output because each unit consumes different quantities of resources. Process costing does not assign costs to each unit of output because each unit is identical. Instead, average unit costs are computed.

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967 views • 43 slides
Process costing

Process costing

CHAPTER 6. Process costing. 6.1. Process costing Job costing assigns costs to each individual unit of output because each unit consumes different quantities of resources.

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458 views • 28 slides
Accounting for losses and scrap in process account

Accounting for losses and scrap in process account

Accounting for losses and scrap in process account. Accounting for losses in process costing. Nature of losses. In a production process, losses are inherent and unavoidable. Normal loss. Abnormal loss. Accounting for scrap.

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613 views • 27 slides
CHAPTER 17

CHAPTER 17

CHAPTER 17. Process Costing. Job-Costing and Process Costing: Opposite Ends of a Continuum. Job-Costing Systems Distinct, identifiable units of a product or service Examples: Custom-made machines, Houses. Process-Costing Systems Masses of identical or similar units of a

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489 views • 17 slides

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