costing

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2011 Dear Experts
Good day and greeting
your suggestion on the following matter will be highly appreciated .
While calculation cost incurred for producing one unit of goods -what value of the input should be taken either it will be excluding taxes paid thereon or including taxes paid thereon ------ As far i think it should be excluding the taxes paid there on coz whatever taxes we are paying ,we are getting credit for that
on what basis we apportion Office and Administrative expanses ----I think it should be on the basis of vale of cost of goods sold -
Depreciation being the fixed cost it should be apportioned on the basis of total number of units produced or on the basis of cost of goods produced

Your's valuable suggestion on the above mentioned matter will be highly appreciated by me

Thanks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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07 January 2011 1. Tax -Non refundable which we cannot take input credit -it will be cost of the product otherwise it will not be included as cost

2.Office & adminstration OHS - Each expenses will be apportioned based on the nature of the expenses like Rent- floor area, Electicity- Switch points, Depreciation - based on value of machinery & equipments

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