Graphical Approach to Process Costing.
This focuses on a method which offered a supplementary approach to assist students in understanding the basic concept of process costing and provides a visual display of the interrelationships between physical data and cost data. The traditional approach to the determination of equivalent production, unit cost, and inventory valuation in process costing often gives a number of students difficulties. It is common to find some students at a complete or partial loss in solving a process costing problem because of the large number of variables involved in it. The method proposed in this paper offers a supplementary approach to assist students in understanding the basic concept of process costing and provides a visual display of the interrelationships between physical data and cost data. In process costing, each of the three elements of manufacturing costs--direct material, direct labor and manufacturing overhead--usually consists of two sets of data, physical data and cost data, each with its sub-categories or subsets.
- DOI
- 10.2308/tar-4482203
- Volume
- 42 (3)
- Pages
- 600-604
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref