(function($){ /** * A quick plugin which implements phpjs.org's number_format as a jQuery * plugin which formats the number, and inserts to the DOM.
Process costing. Process costing is an accounting methodology that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process. Costs are assigned to products, usually in a large batch, which might include an entire month's production. Eventually, costs have to be allocated to individual units of product. It assigns average costs to each unit, and is the opposite extreme of Job costing which attempts to measure individual costs of production of each unit. Process costing is usual
There are four basic steps in accounting for Process cost: 1  Summarize the flow of physical units of output. 2  Compute output in terms of equivalent units. 3  Summarize total costs to account for and Compute equivalent unit costs. 4  Assign total costs to units completed and to units in ending work in process inventory.