Respuesta :
Cost Accumulation or Process costing makes it easier to accumulate costs because costs can be allocated to departments rather than specific activities.
What is Cost Accumulation?
- A formal cost accounting system is used to gather cost data throughout the process of cost accumulation.
- Management can make more informed judgments about the operations of an organisation by gathering and analysing cost information.
The two primary categories of cost accumulation systems are listed below:
(a) Job Costing Method:
A work cost system compiles the costs of supplies, labour, and overhead for specific jobs. It is made for manufacturing procedures that produce goods in smaller batches.
(b) Process System:
A process system assigns average costs to items after accruing costs by cost center. It is made for manufacturing procedures that produce lots of units over a long period of time.
Cost Accumulation or Process costing makes it easier to accumulate costs because costs can be allocated to departments rather than specific activities.
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