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Hi john sir..help me with the follwing.
1.What is the key difference between batch costing and process costing?2. Lets say If pharmacuetical co uses batch costing but why not it should use process costing? But if it uses process costing then why not batch costing.?
3. Batch costing is also used where we produce acoeding to customer requirements?
I knw batch costing is a type of specificorder costing where each batch is costed seperately due to uniqueness of batches..but m not clear still..
Batch costing is simply calculating the costs of producing a batch (and from there a cost per unit).
If the batch went through several processes, then it could involve process costing as well, but that won’t happen in the exam.They are two different things – it is not a question of being a choice.
I do suggest that you watch my free lectures on these.
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