(See related pages)
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| Equivalent units of production (EUP) | The number of units that are considered as being 100% processed during a given period. (See page(s) 1208) |
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| Materials consumption report | A document that summarizes the materials used by a department during a reporting period and that replaces materials requisitions. (See page(s) 1203) |
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| Process cost accounting system | A system of assigning direct materials, direct labour, and overhead to specific processes. The total costs associated with each process are then divided by the number of units passing through that process to determine the cost per equivalent unit. (See page(s) 1202) |
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| Process cost summary | A primary managerial accounting report for a process cost accounting system. The report describes the costs charged to a department, the equivalent units of production by the department, and how the costs were assigned to the output. (See page(s) 1213) |
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| Process manufacturing | The processing of products in a continuous flow of steps (also called process operations or process production); this means products pass through a series of sequential processes. (See page(s) 1198) |