Process Costing Types of Costing Systems Used to Determine Product Costs Job-order Costing Chapter 5 Process Costing  Many units of a single, homogeneous product flow…

1. © 2012 Pearson Prentice Hall. All rights reserved.Process Costing 2. Job versus Process CostingJob-Costing SystemsDistinct, identifiableunits of a product© 2012 Pearson…

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Slide 1RECIPES AND COSTING HOW TO STANDARDIZE A RECIPE AND COMPUTE COST PER PORTION FOR A VARIETY OF MENU ITEMS. Slide 2 OBJECTIVES Develop standardized recipes Develop a…

Slide 1© 2009 Pearson Prentice Hall. All rights reserved. Process Costing Slide 2 © 2009 Pearson Prentice Hall. All rights reserved. Job-Costing and Process Costing: Opposite…

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Slide 1© 2012 Pearson Prentice Hall. All rights reserved. Spoilage, Rework, and Scrap Slide 2 © 2012 Pearson Prentice Hall. All rights reserved. Basic Terminology Spoilage—units…