QUERIES
Can someone help me? i want to know about costing formula? How can i get the cost of material?

6th September 2016 From India, Meerut

PARTICIPATING IN DISCUSSION:
Dinesh Divekar
Business Mentor, Consultant And Trainer
Akram Zafar
Employee

Dear Akram,
Are you from Purchase Department? Cost of the material is nothing but the cost charged by the supplier. However, to acquire the material, you incur other costs too. These are (a) Transportation (b) Taxes (c) Insurance (d) Freight Forwarder charges, if applicable (e) Import duty, if applicable (f) Labour handling charges at each place where loading and offloading takes place (g) Cost of inspection of the material.
Thanks,
Dinesh Divekar
6th September 2016 From India, Bangalore
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