BATCH COSTING Definition

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.

Learn new Accounting Terms

IMPLICITY is something implied or understood although not directly expressed.

INTENSITY DRIVERS are used to directly charge for the resources used each time an activity is performed.

Suggest a Term