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Calculation of cost

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Querist : Anonymous

Querist : Anonymous (Querist)

14 November 2011 Our company deals in mining. it has mines in Orissa and registered office in Kolkata. My query to experts is how to calculate the cost of iron ore extracted. there are various type of material i.e iron ore fines, crushed ore, lump etc.which items should be included to gain cost.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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15 November 2011 I suggest to go through Cost accounting standards and other costing records issued by ICWAI for Mining industries

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