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.

Nearby words

  1. procerus muscle,
  2. process,
  3. process camera,
  4. process cinematography,
  5. process colour,
  6. process engineering,
  7. process printing,
  8. process schizophrenia,
  9. process server,
  10. process theology


Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019