WordReference Random House Unabridged Dictionary of American English © 2026
proc′ess cost′ing, [Accountableing.]
- Businessa 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. Cf. job-order costing.
'process costing' also found in these entries (note: many are not synonyms or translations):