continuous-operation costing

continuous-operation costing A system of costing applied to industries in which the method of production is continuous processing; examples include electricity generation, and bottling. Because the product is homogeneous, this costing system is essentially a form of average costing in which the unit cost is obtained by dividing the total production cost by the number of units produced. Compareprocess costing.

• standard marginal costing
• standard materials usage
• standard mix
• standard operating profit
• standard overhead cost
• standard performance
• standard production cost
• standard purchase price
• standard rate
• standard selling price
• standard time
• standard variable overhead cost
• standby agreement
• standby credit
• standing order
• standstill agreement
• start-up
• start-up costs
• state banks
• State Earnings-Related Pension Scheme
• statement of account
• statement of affairs
• Statement of Auditing Standards
• statement of cash flows
• statement of changes in equity