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process costing
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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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Compare job-order costing.
Words nearby process costing
procercoid, process, process camera, process cinematography, process colour, process costing, processed cheese, process engineering, processes, processible, processing tax
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Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023