How to Calculate Process Losses? (With Formula, Computation and Accounting Treatment)
How to Calculate Process Losses? (With Formula, Computation and Accounting Treatment). In most of the industries which employ process costing method, process losses of the nature of wastage, scrap, spoilage, etc., occur at different stages of the manufacturing cycle. (a) Wastage: According to terminology of cost accounting I.C.M.A., London, "Waste is discarded substance having no value." Charles T. Horngren says [...]