definitions

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.

RELATED CONTENT

“Juridical Process” vs. “Judicial Process”Let’s bring some order to these two similar terms.
READ MORE
Can We Call Products “Meat” or “Milk” If They Don’t Come From An Animal?In our age of meatless chicken nuggets, tofu hot dogs, and faux burgers that “bleed,“ what constitutes meat today?
READ MORE

Nearby words

procerus muscle, process, process camera, process cinematography, process colour, process costing, process engineering, process printing, process schizophrenia, process server, process theology
Compare job-order costing.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019