MATERIAL COST

This query is : Resolved

Arun Iyer (Querist)
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25 November 2010 DEAR ALL

MATERIAL COST IS INCLUSIVE OF FINANCIAL COST OR NOT INCLUSIVE ?...

WITH ONE EXAMPLE

Purchase Rate Rs.100
Landing Cost Rs. 10
Freight Rs. 25
Finance Rs. 15
------
TOTAL Rs.150
======

Above the Example is Correct or Incorrect.

WITH THANKS
K A K

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 November 2010 As Per CAS 6--

Finance costs incurred in connection with the acquisition of materials shall not form part of material cost.

For Full CAS 6 in PDF, please give me your id i will mail you.

Arun Iyer

Arun Iyer (Querist)
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25 November 2010 Dear Sir,

If Material Purchase Import and Same Material Purchase Local also, on this transaction finacial cost how to allocate.

WITH ONE EXAMPLE

with thanks
K A K

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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25 November 2010 http://www.icwai.org/icwai/docs/CASB/CAS_6.pdf

See this link for details.

Arun Iyer

Arun Iyer (Querist)
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26 November 2010 DEAR SIR,

COSTING FORMAT:

I WANT COSTING FORMAT FOR DIECASTING MANUFACTURING COMPANY

WITH ONE EXAMPLE

WITH THANKS
K A K