I have defined the below cost component structure in my company
Is it correct and what if I have to define separate cost component structure for Captive Production Goods covered by CAS-4 as per the Excise law.
Kindly guide if the same can be applied for a group of products and different overhead can be defined for the different product group.
Sr No. Cost Component (Base)
1 MATERIAL CONSUMPTION (Based on the primary cost
element)
2 DIRECT LABOUR (Based on the secondary Cost
Element)
3 INDIRECT LABOUR COST (Based on % of Direct Labour)
4 UTILITIES (Based on the Secondary Cost
Elements)
5 PRODUCTION OVERHEAD (Based on % of Material Cost)
6 COST OF GOODS MANUFACTURED SUM OF 1 to 5 (COGM)
7 ADMINISTRATION OVERHEAD (Based on % of COGM)
8 SALES OVERHEAD (Based on % of COGM)
9 COST OF GOODS SOLD SUM OF 6 to 8 (COGS)
With Regards,
Amit
Edited by: Amit Dhanurdhari on Feb 17, 2009 5:06 PM