calculation of production cost
This query is : Resolved
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
Raw material- op stock, consumption, purchase,cl stock.
finished goods-op stock , sales,cl stock
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.
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- ASMT-10 received from A O
- ITR-3 File/Error Found
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Difff in ais receipts and gst turnover
- Gst on travel by air for business purposes
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
