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product costing issue

Posted on Aug 16, 2009 at 12:36 PM 11 Views

Respected Gurus,

i have some issues in product costing

1 what is standard cost and standard cost estimates

2 what are the repetitive manufacturing industries,how product costing is used.

regards

jana

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  • author's profile photo Former Member
    Former Member
    Posted on Aug 16, 2009 at 03:36 PM
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    Hi,

    1.U run the Std Cost estimate for the materials/orders for a given period. Once u mark and release, this Std Cost Estimate will become the std cost.

    2. Repetitive Manufacturing indicates, u produce material in more or less in std procedure in terms of proceeses, material components and other activities over a period of time. Material Costing by period may be better option for these industries...

    Eg: Chemical Industries, Auto Component Industries etc...

    Regards

    Sudhakar Reddy

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