Archive | Material Cost

How to Compute and Calculate Material Cost? (Methods) | Cost Accounting

Ascertainment of accurate cost is one of the main objectives of cost accounting. For a manufacturing company material consumption and material cost are vital aspects. Ascertainment of accurate cost depends on correct valuation of material used in the product. The material cost consists of invoice price plus freight, carriage, cartage, insurance, taxes, stores costs, etc. Materials are issued to different [...]

By |2018-06-18T11:02:01+00:00June 18, 2018|Material Cost|Comments Off on How to Compute and Calculate Material Cost? (Methods) | Cost Accounting

How to Compute and Calculate Material Cost? (Methods) | Cost Accounting

Ascertainment of accurate cost is one of the main objectives of cost accounting. For a manufacturing company material consumption and material cost are vital aspects. Ascertainment of accurate cost depends on correct valuation of material used in the product. The material cost consists of invoice price plus freight, carriage, cartage, insurance, taxes, stores costs, etc. Materials are issued to different [...]

By |2018-06-18T11:02:01+00:00June 18, 2018|Material Cost|Comments Off on How to Compute and Calculate Material Cost? (Methods) | Cost Accounting
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