what is the defination of unit costing and process costing?
Answer Posted / krish
When identical units of single product line are produced
through single manufacturing line all the costs are to be
allocated to that manufacturing line and then averaged and
absorbed by each unit of final product the system used for
averaging is called unit costing. On the other hand when
identical units units are produced via multiple manufacturing
processes cost of each process is first accumulated and then
cost of each process is averaged and absorbed by each unit of
final product the system used for averaging is called process
costing.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How can i prepare MIS report for Finance?
hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?
Short answer on _______Amendment
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
loss of pay for a employee when he is not having single leave bal. in his account that time what is the calculation 2) what exactly the days to be considered i.e. 26 days or 27 days i.e. to arrive at salary per day what exactly the days to be divid
What type of question generally asked in Brokerage Firm ?
outstanding expenses, prepaid or unexpired expenses
What is accounts payable?
what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year
If income and expense both are equal then what it depicts
Short Answer on ______Amortization
What is the Accounts Payable & Accounts Receivable ?
Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry
how Mis reports are used?n why it is used ? explain
How do the standards assist the users of financial report?