material cost

This query is : Resolved

Arun Iyer (Querist)
Follow

29 July 2010 DEAR ALL,

WHAT IS MEAN BY MATERIAL ANALYSIS AND HOW TO CALCULATE MATERIAL COST

WITH EXAMPLE

WITH THANKS
K.Arunkumar

CA. Anoop Gadia

CA. Anoop Gadia (Expert)
Follow

29 July 2010 Material analysis means checking of material consumption, type, rate, quality and other with benchmark.

And material cost includes non refundable exp. up to the factory gate are part of material costing.

and method of material costing is at cost and NRV which is less.

and you ref. As- 2 for material valuation

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
Follow

29 July 2010 AGREED,
YOU HAVE TO REFER AS-2 FOR DETAIL ANAYLSIS ON MATERIAL COST.

https://www.caclubindia.com/share_files/bare-text-of-as-2-icai--28627.asp

Upgrade to CAclubindia Pro. Subscribe Now!