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process costing

noun

Accounting.
  1. a method of assigning costs to production processes where products must of necessity be produced in one continuous process, with unit cost arrived at by averaging units produced to the total cost of the process.


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Example Sentences

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Ty Gibbs had incurred criticism after wrecking teammate Brandon Jones at a race last week, in the process costing the latter a shot at the season title.

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A simple fraud filter at the front of the application process — costing perhaps a half-million dollars for a jurisdiction like Washington, D.C. — could have saved tens of billions.

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So far 150 cases have been settled since the start of a "healing process", costing the health board more than £2m.

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In contrast, if SCALE’s appeal is successful, it will exacerbate our housing and environmental crises while miring us in needless administrative process costing Seattle taxpayers hundreds of thousands, if not millions, of dollars.

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But this is where the firm uses its consultation skills, a process costing from £3,000 to £12,000 with a relationship that can last years.

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