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COST ACCOUNTING

This query is : Resolved 

29 November 2008 WHETHER WAGES AND FACTORY WAGES ARE TREATED DIFFERENTLY?
WHETHER FACTORY WAGES ARE INCLUDED IN DIRECT EXP OR FACTORY EXP

29 November 2008 whether factory wages are included while calculating prime cost in cost sheet or these are included in factory overheads after prime cost to calculate factory cost.

30 November 2008 factory wages is included in direct exp and direct exp is a part of factory cost.


01 December 2008 whether factory wages are direct wages or indirect wages

01 December 2008 Wages are two type
Direct & Indirect

1)All direct wages is part of prime cost
2) indirect wages either may be for factory, Administrative or selling and distribution cost as it identified.



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