continuous-operation costing
- continuous-operation costing
A system of costing applied to industries in which the method of production is continuous processing; examples include electricity generation and bottling. Because the product is homogeneous, this costing system is essentially a form of average costing in which the unit cost is obtained by dividing the total production cost by the number of units produced. Compare process costing
Big dictionary of business and management.
2014.
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continuous-operation costing — A system of costing applied to industries in which the method of production is in continuous operation; examples include electricity generation and bottling. Because the product is homogeneous, this costing system is essentially a form of average … Accounting dictionary
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process costing — A costing system sometimes applied to production carried out by a series of chemical or operational stages or processes. Its characteristics are that costs are accumulated for the whole production process and that average unit costs of production … Big dictionary of business and management
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