Examlex
Consider the strengths and weaknesses of the proposed Rotterdam Rules.
Process Cost System
A method of costing used to assign costs to units of production in industries where the products are indistinguishable from each other and produced in a continuous flow, such as in manufacturing of chemicals or food.
Process Cost System
An accounting system used to track costs associated with processes that produce homogeneous products.
Unit Costs
The cost incurred to produce, store, and sell one unit of a product or service.
Process Cost System
This is an accounting methodology used to allocate costs to units of product in continuous operations, industries where the products are homogeneous.
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