Meaning of “batch costing” in the English Dictionary

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"batch costing" in Business English

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batch costingnoun [ U ]

uk us

ACCOUNTING, PRODUCTION the fact of stating the price of a product as based on the cost of producing a batch of the product, rather than on the cost of producing a single item:

Batch costing is typically used for mass-produced goods such as clothing.

(Definition of “batch costing” from the Cambridge Business English Dictionary © Cambridge University Press)