Finance & Accounting

Production Order Costing System

Companies and economic units, regardless of their diversity in production and volume of activities, are in dire need of designing and applying cost systems in order to enable them to keep pace with competitive conditions, rapid changes in prices, and technical techniques in production processes, and so that the decision-making process is based on a basic basis of data and information. Cost systems have become In its various forms, it is one of the fundamentals of the success of modern management, as it is relied upon in pricing, control, and various investment and operational decision-making processes.