ACCO 330 - CHPT 11

ACCO 330 - CHPT 11 - Chapter Eleven Process Costing

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
Blocher,Stout,Cokins,Chen, Cost Management 4e Process Costing Chapter Eleven
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 Blocher,Stout,Cokins,Chen, Cost Management 4e Product Costing System Methodology A product-costing system is based on the following methodology Cost accumulation method (i.e., job or process costing) Cost measurement method (i.e., actual, normal, or standard costing) Overhead assignment method (i.e., volume- based or activity-based)
Background image of page 2
3 Blocher,Stout,Cokins,Chen, Cost Management 4e J ob costing system accumulates costs and assigns them to specific jobs, customers, projects, clients, or contracts Process costing is appropriate in large firms that produce one or a few homogeneous products through continuous mass production Product Costing System Methodology Cost accumulation
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Blocher,Stout,Cokins,Chen, Cost Management 4e Process costing: a product costing system that accumulates costs according to processes or departments Accumulated costs are assigned based
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/24/2011 for the course ACCO 330 taught by Professor Mastromonaco during the Fall '10 term at Concordia Canada.

Page1 / 10

ACCO 330 - CHPT 11 - Chapter Eleven Process Costing

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online