Abstract
Cost accounting methods can be divided into two main groups. We looked at the first group, specific-order costing, in Chapter 16. The second group is continuous-operation costing which is a system of costing applied to industries where the method of production is in continuous operation — for example, bottling or electricity generation. This costing system is essentially a form of average costing which is a method of obtaining unit costs in which the items produced have a high degree of homogeneity. The unit cost is obtained by dividing the total production cost by the number of items produced.
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© 1999 Jill Hussey and Roger Hussey
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Hussey, J., Hussey, R. (1999). Continuous-operation Costing. In: Business Accounting. Macmillan Business Masters. Palgrave, London. https://doi.org/10.1007/978-1-349-14784-7_17
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DOI: https://doi.org/10.1007/978-1-349-14784-7_17
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-73081-2
Online ISBN: 978-1-349-14784-7
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