process costing

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.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Process costing is always a great word to know.
So is flibbertigibbet. Does it mean:
a chattering or flighty, light-headed person.
a fool or simpleton; ninny.
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