Whether fixed and administrative expenses are included in computing finished goods cost for working capital management or not ??pls help
2 Replies
Dilip Dubey
(Article Assistant)
(29 Points)
Replied 25 September 2012
Fixed and admin overheads are allocated to the finished goods on the different bases of allocation such as direct labour hour method, machine hour method, ..
CA Vivek Kumar
(Practicing CA And GST Content writer for legalfilings.in)
(660 Points)
Replied 25 September 2012
For estimation of wc in finsh guds, we uses
avg fin stock*365/cogs
.In computatn of cogs: we include manufacturing exp,admin exps whether fixed or vrible..
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