process costing

American  

noun

Accounting.

1. 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 meaning

How does process-costing compare to similar and commonly confused words? Explore the most common comparisons:

• job order vs. process costing

Example Sentences

Ty Gibbs had incurred criticism after wrecking teammate Brandon Jones at a race last week, in the process costing the latter a shot at the season title.

From Washington Post

A simple fraud filter at the front of the application process — costing perhaps a half-million dollars for a jurisdiction like Washington, D.C. — could have saved tens of billions.

From Washington Times

So far 150 cases have been settled since the start of a "healing process", costing the health board more than £2m.

From BBC

In contrast, if SCALE’s appeal is successful, it will exacerbate our housing and environmental crises while miring us in needless administrative process costing Seattle taxpayers hundreds of thousands, if not millions, of dollars.

From Seattle Times

But this is where the firm uses its consultation skills, a process costing from £3,000 to £12,000 with a relationship that can last years.

From BBC