Dictionary » Letter P » process costing system
The cost accounting system where similar units are mass produced. Costs are collected by department and are then assigned to the units produced.
| » For more clarity on this term: |
← Go Back |
Get our bookkeeping videos and our bookkeeping exam when you join AccountingCoach Pro. |
![]() |
Receive our popular 15-page Cheat Sheet at no cost when
you join our free newsletter: