process costing
noun 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.
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Juridical Process vs. Judicial ProcessLet’s bring some order to these two similar terms. The juridical process relates to the administration of the law. The judicial process is the series of steps a legal dispute goes through in the court system. It deals with procedural issues, and it determines the roles of the judge and the jury in a courtroom. The judicial process also deals with the role and jurisdiction …
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Compare job-order costing.
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019