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Difference between revisions of "Product Costing"

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'''Product Costing''' is the accounting process of determining all business expenses pertaining the creation of company [[Product|products]]. These costs can include raw material purchases, worker wages, production transportation costs and retail stocking fees.<ref>Definition - What is Product Costing [https://smallbusiness.chron.com/product-costing-vs-cost-accounting-37642.html#:~:text=Product%20Costing%20Definition,costs%20and%20retail%20stocking%20fees. Chron]</ref>
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'''[[Product]] Costing''' is the [[accounting]] [[process]] of determining all [[business]] expenses pertaining the creation of company [[Product|products]]. These costs can include raw material purchases, worker wages, production transportation costs and retail stocking fees.<ref>Definition - What is Product Costing [https://smallbusiness.chron.com/product-costing-vs-cost-accounting-37642.html#:~:text=Product%20Costing%20Definition,costs%20and%20retail%20stocking%20fees. Chron]</ref>

Revision as of 17:46, 6 February 2021

Product Costing is the accounting process of determining all business expenses pertaining the creation of company products. These costs can include raw material purchases, worker wages, production transportation costs and retail stocking fees.[1]

  1. Definition - What is Product Costing Chron