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Manali - Costing

Process costing is used for mass production where costs are accumulated for each production department and unit costs are computed based on normal production, while job costing tracks costs for specific jobs or orders where unit costs are computed after a job or order is complete based on actual costs incurred.

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neha.akshi
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0% found this document useful (0 votes)
44 views1 page

Manali - Costing

Process costing is used for mass production where costs are accumulated for each production department and unit costs are computed based on normal production, while job costing tracks costs for specific jobs or orders where unit costs are computed after a job or order is complete based on actual costs incurred.

Uploaded by

neha.akshi
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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DIFFERENCE BETWEEN

PROCESS COSTING & JOB COSTING

 Usage of Methods
 Accumulation of Cost
 Key Documents
 Computation of Unit Cost
 Calculation of Final Unit
 Production
 Availability of Unit Cost
 Work in Progress

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