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. 2014.
Cite This Source Link To process costing
Explore Dictionary.com
Previous Definition: process colour
Next Definition: process data
Words Near: process costing
More from Thesaurus.com
Synonyms and Antonyms for process costing
More from Reference.com
Search for articles containing process costing
More from Dictionary.com Translator
Dictionary.com Word FAQs

Dictionary.com presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Example sentences
The widespread use of the information presented in that report reflects the value of unit process costing information.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature