banner_ad

calculation of production cost

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 March 2010 how to calculate production cost i have data

Raw material- op stock, consumption, purchase,cl stock.

finished goods-op stock , sales,cl stock
Profile Image

Rasesh

Profile Image

Rasesh (Expert)
17 March 2010 Production Cost would be as under:
Summation of the following:
1) RM consumed
2) Direct Labour
3) Indirect Labour connected with Production process i.e. managers and seniors who don't work on the shop floor
4) Direct Expenses like Power, Gas etc
5) Indirect Expenses connected with Production process

Divide this in the ratio of the Production sold during the period. i.e. Adjust for inventory. or add: Closing Stock and reduce the closing stock from the above.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
17 March 2010 Consumption =Opening stock of Raw materials + Purchase of raw materials - Closing stock of Raw materials with this add Labour & OHS cost
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details