Application of Process Costing Homework Help
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What is process costing?
Process costing is also termed as methods of costing. It is the procedure that is opted by a company in order to assign cost to its various products and jobs. The nature of industry that is making the product and the product being manufactured are the two important factors that usually decide the method of costing. In this article for Application of Process Costing homework Help we discuss the various types of uses and utilization of process costing.
Characteristics of process costing
The following points signified in Application of Process Costing homework Help article represent the features of process costing.
• Homogenous products are usually the output
• The production process is of continuous flow and carried out in various stages
• The input has to go through two or more deformations before becoming the output
• The process can generate some of the profit if the output produced by it is saleable
• Some losses either normal or abnormal are supposed to arise in this process
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Application of Process Costing
A sugar making process is illustrated by our Application of Process Costing homework Help writes as an application.
1. In cane shredding the cane is broken in small pieces and made easy for the milling machine movement.
2. In milling the broken can is passed through rollers that crushes the pieces to get the cane juice.
3. The juice is certainly then heated to concentrate it and then some lemon is added to it.
4. It is later filtered in order to remove all the contamination
5. Evaporation is the process done to remove the contents of water form it.
6. Crystallization is performed to extract the crystals of sugar
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