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Describe (50 to 80 words) the process to add a costing unit to an accounting system.

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Accounting

Describe (50 to 80 words) the process to add a costing unit toan accounting system.

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Answer Process costing is used when there is bunch of production of similar products where the cost with different units of output cannot be differentiated from each other A process costing system cost when a huge number of identical units are being produced The assumption is that the cost of each unit is the same as any other unit so that there is no need to track information of different different unit level In other words under the costing unit to    See Answer
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