What are Features of batch costing?

Batch costing

1. It is a refinement of job costing.

2. Here the unit of measurement is batch comprising of lots of similar units.

3. Separate cost sheet are maintained for each batch of products by assigning a unique batch number.

4. Cost per unit in a batch =Total cost of batch/No of units in the batch.

5. Applications :-Pharmaceuticals , drug industry, readymade garments ,manufacture of electronic parts of TV etc.