4458 Views

In process costing each production department is a.....


Snehal Agane 29th Sep, 2020
Answer (1)
sowji.guntupu 1st Nov, 2020

Hello,

The cost flows in a process costing system are similar to the cost flows in a job costing system. The primary difference between the two costing methods is that a process costing system assigns product costs—direct materials, direct labor, and manufacturing overhead—to each production department (or process) rather than to each job. Each production department has its own work-in-process inventory account when using process costing.

Related Questions

Amity University | Journalism...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
Pearl Academy Media Programs ...
Apply
100% Placement | 500+ Recruiters | Placement support for alumni for 5 Years | Last Date to Apply: 13th Jan
Amity School of Film & Drama ...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
Bennett University Masters in...
Apply
Merit Based Scholarships Available | Top Recruiters - PVR, Radio Mirchi, India Today, Times Now, and many more
UPES Dehradun -Media and Mass...
Apply
Ranked #46 Among Universities in India by NIRF | 2570+ Students Placed | 96.55% Placement, 700+ Recruiters | Apply by 21st Jan
Chandigarh University Journal...
Apply
Ranked #1 Among all Private Indian Universities In QS Asia Rankings 2025 | Scholarships worth 210 CR
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books