Break-even point - meaning and formula

6 advantages of the process costing

Process costing is a form of operations costing which is used where standardized homogeneous goods are produced. This costing method is used in industries like chemicals, textiles, steel, rubber, sugar, shoes, petrol etc. Process costing is also used in the assembly type of industries as well.

The following are advantages of the process costing

  • Costs are to be computed periodically
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