Learning Materials For Accounting, Management , Finance And Economics.

Thursday, October 14, 2010

Users Of Process Costing

Following are the main users of process costing:

* Manufacturing industries such as flour mills, iron and steel, paper, rubber, textile,soap, food products etc. including assembly type industries lie typewriters, automobiles, household electrical appliances such as washing machines, refrigerators, electric irons, radios, televisions etc.

* Mining industries such as fuel, oil, coal, iron, sand pits etc.

* Chemical industries such as medicine, herbals products etc.

* Public utility services such as electricity generation, water supply, gas supply etc.