Process costing is best suited for manufacturing large batches of similar products. It is most appropriate when making homogeneous items in bulk quantities where the costs are accumulated and later allocated to the units produced. This type of costing system tracks costs by department or process rather than by individual units or products.
Process costing is best suited for manufacturing large batches of similar products. It is most appropriate when making homogeneous items in bulk quantities where the costs are accumulated and later allocated to the units produced. This type of costing system tracks costs by department or process rather than by individual units or products.
Process costing is best suited for manufacturing large batches of similar products. It is most appropriate when making homogeneous items in bulk quantities where the costs are accumulated and later allocated to the units produced. This type of costing system tracks costs by department or process rather than by individual units or products.