Overview

average costing


Show Summary Details

Quick Reference

A method of obtaining unit costs sometimes used when the items produced have a high degree of homogeneity. The unit cost is obtained by dividing the total production cost by the number of items produced. See also continuous-operation costing; process costing.

Subjects: Accounting.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.