Raw material costing
This query is : Resolved
30 October 2023
We use multiple raw materials in our manufacturing process.
A raw material recipe would be as follows:
1. RM1 costs Rs. 100 per Kg - We use 10 Kg
2. RM2 costs Rs. 45 per Kg - We use 0.200 Kg
3. RM3 costs Rs. 220 per Kg - We use 0.100 Kg
4. RM4 costs Rs. 75 per Kg - We use 0.125 Kg
Can you please let me know how to arrive at the blended cost for this recipe?
Thanks
A raw material recipe would be as follows:
1. RM1 costs Rs. 100 per Kg - We use 10 Kg
2. RM2 costs Rs. 45 per Kg - We use 0.200 Kg
3. RM3 costs Rs. 220 per Kg - We use 0.100 Kg
4. RM4 costs Rs. 75 per Kg - We use 0.125 Kg
Can you please let me know how to arrive at the blended cost for this recipe?
Thanks
30 October 2023
It's simple arithmetic.
Calculate value for each raw material used and add it.
Calculate value for each raw material used and add it.
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