(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
By Surbhi S Leave a Comment. There are various cost accounting techniques used to measure the cost of the product. Job Costing and Process Costing are also one of them, where Job Costing is used to calculate the cost of jobs or contracts which are distinct in nature. But if we talk about Process Costing, it is used to compute the cost charged to each process.