what is tha utility for inter process profit at more than cost
Answers
Answered by
1
Answer:
In process costing, the usual practice is to transfer the output of one process to another and finally to finished stock at cost price. In this method of transfer, process accounts will not reveal any profit or loss. But sometimes, the transfer is made at transfer price or market price.
Answered by
6
Answer:
hlo✨
Advantages of Accounting for Inter Process Profits: (a) Inter process profits enable to measure the efficiency of each process. (b) Comparison of costs with market price at each stage assist management to take 'make or buy' decisions. (c) The efficiency of or inefficiency of one process.
be ☺
Similar questions