the amount of work actually done in a process costing center for the period includes all units started and completed during the period. in addition, other work is included in the quantification of the work done during the period. what other work is included?

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21-10-2022
Business

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the amount of work actually done in a process costing center for the period includes all units started and completed during the period. in addition, other work is included in the quantification of the work done during the period. what other work is included?

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shomerajeshwari90 shomerajeshwari90 · Answer 1 · 2022-10-30T03:01:42-04:00

Other work included in the process costing center are- The time spent on finishing the beginning work-in-process inventory and the time spent beginning the ending work-in-process inventory.

Process costing is a costing technique generally employed by businesses which mass produce identical or substantially comparable commodities or output units. It is typical in economic industries where the manufacturing costs of each unit of output are strikingly identical, and it is not feasible to cover all the expenses for each unit independently all through the manufacturing operation.

Instead of monitoring expenses for each single component, process costing enables enterprises to determine item price by tracking the movement of the costs associated with each step of the manufacturing process.

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