Process Costing Flashcards
1
Q
What is Process Costing
A
Method of cost accounting
- Costc cheged to processes/operations
- Avergaed over units produced
2
Q
What are basic features & Industries
A
3
Q
What is normal loss
A
4
Q
Treatment of normal loss
A
5
Q
What is Abnormal loss
A
6
Q
Treatment of Abnormal loss
A
7
Q
Abnormal gain & process
A
8
Q
A
