Process costing procedure, Cost Accounting

Process Costing Procedure

1. The production factory is divided into a number of methods.

2. An account is maintained and opened for every process.

3. Every process account is debited along with materials, direct expenses, labor and overheads apportioned to the process.

4. The output of a process is transferred to the next process input of such process.

5. The completed output of the last process is transferred to the finished goods account.

Posted Date: 2/7/2013 2:31:42 AM | Location : United States







Related Discussions:- Process costing procedure, Assignment Help, Ask Question on Process costing procedure, Get Answer, Expert's Help, Process costing procedure Discussions

Write discussion on Process costing procedure
Your posts are moderated
Related Questions
A co has a standard costing system. the following are avaiable for september: actual quantity of direct materials purchased and used: 20,000 pounds Standard price of direct mater

hml analysis , sde analysis,sos analysis, golf analysis , xyz analysis

the total (ie. aggregated) cashflows in respect to operations, with details of annual cash inflows & annual outflows in respect to operations, the total (ie. aggregated) cashflo

I need project help in Government and nonprofit accounting, can you help me in look out this problems?

This assignment will consist of developing a center-based financial operating budget. A break-even and Cash-flow projection are not required for this assignment. Students will deve


This question tested the accounting of monetary instruments, especially an asset held at reasonable value through loss or profit. The preparation of the journal for subsequent and

Example of Labour Remuneration Beneath a premium bonus scheme, workers obtained a guaranteed basic hourly minimum rate of pay in addition of a bonus of 50 percent of the time

WORKED EXAMPLES OF EXPECTED CASH COLLECTIONS PATTERNS

Martinez Corporation engaged in the following cash transactions during 2012. Sale of land and building $186,710 Purchase of treasury stock 42,130 Purchase of land 39,130