Vasupradha S (Qualified CMA) 13 September 2017
Please let me know is there any standard for calculating cost of production per unit under Cost Accounting Standards??
For the purpose of closing stock valuation, the reversal entry is passed for unabsorbed overheads.
For closing stock valuation, how the cost of production per unit has to be arrived?
Please let me know is there any standard method in CAS??