hai
i have one doubt that is how to prepare cost reports in company. plz clarify my doubt.
Balaji Sarangarajan
(MBA & (CA Final))
(1131 Points)
Replied 24 January 2008
C.rajesh
(Articles)
(1392 Points)
Replied 31 March 2008
the cost statement shows the cost of a particular product. In calculating the cost each and every factor has its own importance. whether it is fixed or variable, direct or indirect. may the following gives u the right solution:
cost of rawmaterial:
+freight
+direct labour
+any direct expenses
+variable expenses like indirect labour etc.,
this constitutes the cost of the total production. if we divide the total cost by the total quantity produced we can get the product cost.
CAclubindia
