Costing process
This query is : Resolved
03 October 2012
Hi All,
please suggest the Process which i need to follow process costing or Job costing.
we are manufacturers of Tipper and Mixer bodies. we have five process
1. Metal forming
2. Body fabrication
3. painting
5. Assembly
4. Quality & inspection
we prepare all parts individual and do assembly the parts final.
please suggest the Process which i need to follow process costing or Job costing.
we are manufacturers of Tipper and Mixer bodies. we have five process
1. Metal forming
2. Body fabrication
3. painting
5. Assembly
4. Quality & inspection
we prepare all parts individual and do assembly the parts final.
03 October 2012
process costing is followed where output of one process is the input for the next process. Dependent activities as is called under PERT/CPM. (Programme evaluation and review technique / Critical path method)The wording suggest that the activities are dependent in a sequence and hence process costing can be made good use of.
Message likes :
1 times
03 October 2012
me too in similiar industry, & doing costing work.. both can be employed, but for better results job costing should be adopted... bcoz it gives you analysis order/job wise & stock can also be maintained.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
