BATCH COSTING Definition

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BATCH COSTING is the identification and assignment of those costs incurred in completing the manufacture of a specified batch of components. Having arrived at the batch cost, the unit cost is simply derived by dividing it by the number of components in the batch.

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THALER is a currency of Bohemia, Germany, Hungary, Roman Empire, Prussia etc.

FACTORY OVERHEAD is the costs of operating a factory which cannot be assigned directly to a specific department or product.

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