grantham ba225 managerial accounting discussions assignments and final exam are avai 497344
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Discussion 3
What is the difference between operations costing and a process costing system?
Operating costing and Process costing are two common methods for determining unit product costs. Both systems have the same basic purpose to assign material, labor, and manufacturing overhead costs to products and provide a mechanism for computing unit product costs.
Operating costs are the expenses which are related to the operation of a business, or to the operation of a piece of equipment or manufacturing plant.
Process costing is used in companies that produce many units of a single product for long periods.
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