Overview

manufacturing profit/loss


Show Summary Details

Quick Reference

The difference between the value of the goods transferred from a manufacturing account to a trading account at a price other than the cost of goods manufactured, and the cost of goods manufactured. This difference is measured in organizations wishing to submit the production department to market prices; it involves crediting production according to some formula, such as a price per unit.

Subjects: Accounting.


Reference entries

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