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For example,
-Printing -Furniture manufacturing -Bicycle Manufacturing
In Process Costing, costs are systematically assigned to the product, since there are no discreet batches to assign costs.
-Oil Distilling -Soda Manufacturing
ABC Costing assigns cost from cost centers to the product
-Best in a multi product firm, where there are different volumes
Absorption Costing
A simplified view of Production:
Introduce Raw Materials Manufacture Product Store finished goods Sell
Finished Goods
1. Direct materials
2. Direct labor
3. Production process are purchased applied to completed
4 Direct materials product
5...
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