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differentiate between ...how to calculate manufacturing cost (C.GS)what are the elements....and how to calculate the C.G.S of import finish goods ?

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Question added by majid sharif , forecasting/Sales Reporting & Warranty management , MERCEDES BENZ - JUFFALI AUTOMOTIVE COMPANY
Date Posted: 2013/09/20
Khalid Noor
by Khalid Noor , Accounting Manager , FedEx

Manaufacturing cost

Opening material cost

Add: Purchases

Less: Clsoing stock

Add: Direct labour cost

Add: Direct Factory overheads

Manufacturing cost

 

Add: Opening Work in process

Less: Closing working in process

 

Cost of goods produced

 

 

Cost of goods sold imported finish goods

 

Value declared for import

Add: Custom duty

Add: Non adjustable taxes

Add: Freight

Add: Repacking if any

Menerva Melad
by Menerva Melad , Account Executive, Key Accounts , Graphic Home Company

manufacturing cost =

Direct Labor

Direct Material

Overhead

Territory (time in transit between place of manufacture and destination market)

Harmonized tariffs

Transportation

Exchange rates

 

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