19 October 2012
While arriving at the cost/unit of a product,Finance costs like bank charges,commitment charges,Bank commission has to be considered or not.
19 October 2012
no they are not considered while computing cost/unit of a product..these expenses are purely financial in nature and are debited to p/l ac..they do not reflect in cost records
Querist :
Anonymous
Querist :
Anonymous
(Querist)
19 October 2012
But now in cost sheet we need to consider Interest and finance charges before arriving at cost of sales.So it should form part of cost/unit of product.