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MRP glossary TOP > Cost Control > Total Degree Costing

Total Degree Costing

It is a Cost Accounting used by the companies, including paper manufacturers, steel manufacturers, and lumber producers, which continuously produce the same kinds of products using the same raw materials through the same processes. In this method, it is important to obtain the precise Equivalence Rate (the criteria for dividing the product cost by class).

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Related term: Total Costing

Reference:JIT Business Research Mr. Hirano Hiroyuki

Total Costing | Cost Control | Total Joint Product Production Costing