1.Can any one post your views on treatment of Packing materiials in cost Accounts i.e How a primary packaging cost and a secondary packaging cost is treated in cost accounts
2.What is meant by Principal Budget Factor?
sivaram (Asst Mgr-Taxation) (6918 Points)
16 July 20091.Can any one post your views on treatment of Packing materiials in cost Accounts i.e How a primary packaging cost and a secondary packaging cost is treated in cost accounts
2.What is meant by Principal Budget Factor?
geeta
(Student)
(42 Points)
Replied 16 July 2009
Primary packing material should be added to the cost of raw material consumed where as the secondary packing material should be taken in the selling & distribution expenses..
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 17 July 2009
Thanks Ms Geetha for Your reply and can u get an answer for the second question namely principal budget factor
Naveen
(com)
(22 Points)
Replied 18 July 2009
Principal budget factor means that factor which is in short supply or limits the activities of organisation, during prepration of budget. It is also termed as key factor. eg are raw material, skilled labour are in short supply
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