Process costing is the method by which costs are assigned to individual products when the products are all relatively similar (homogeneous) and are mass-produced.
A budget manual details the budgeting process.
A budget is a realistic plan for the future expressed in quantitative terms.
Job-order costing is the method by which all of the costs associated with a specific job (or client) are accumulated and charged to that job (or client). The costs are accumulated on what is called a job-cost sheet.
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