Assignment Help - homework help

  General Principles of Process Costing

General Principles of Process Costing

Following are the general principles are followed for cost determination within Processes Costing-

(a) The production activities of the factory are categorized through processes or departments. Each process or department involves a number of operations, none of that is separately measurable and each of that completes a different stage in the produce of the product. The boundaries of the process are determined through (i) supervision or jurisdiction, (ii) similarity of work performed, and (iii) in the plant physical location of men and machines.

(b) All direct and indirect cost of a specific period are classified through processes. Every process account is debited with the amount of direct material, and labour and along with a proportionate part of overhead expenses.

(c) Production in terms of physical quantities is recorded in relevant process accounts.

(d) The entire cost of each process is divided from the total production of the process and average cost per unit for the period is acquired.

(e) While products are processed within more than one department, one department's costs are transferred to the next department like initial costs. The total cost and cost per unit is so determined through cumulating costs of dissimilar departments.

(f) In case of loss or spoilage of units within a department, the loss is borne through the units created in that department. So the average cost per unit is increased.

Latest technology based Cost Accounting Online Tutoring Assistance

Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in General Principles of Process Costing homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for General Principles of Process Costing, project ideas and tutorials. We provide email based General Principles of Process Costing homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in General Principles of Process Costing. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Cost Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the cost accounting assignments, which may help you to solve your complex issues of General Principles of Process Costing. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
Home | Company Overview | Services | Discover Q&A | Sitemap | Contact Us | T & C | Refund Policy | Copyright Policy | Blog | Q&A | Directory

©TutorsGlobe All rights reserved 2022-2023.