IndigoLearn

Forums

All Topics Accountancy Auditing Corporate & Other Laws Direct Taxation Indirect Taxation Financial Management Economics Costing Strategic Management Maths & Stats Exams Others AFM Financial Reporting CFA Level I

Cost sheet

Costing

Why does insurance premium paid for stock of raw material comes under factory overhead and not direct material?

Sowmya Ilango

CA Inter

★ 4K+

11-Aug-22 01:19

257

Answers (4)

insurance premium is not directly linked to cost of raw materials,it's indirect cost of raw materials, thats why it comes under factory overhead

Sajeetha R

CA Final

★ 45K+

11-Aug-22 04:46

Sajeetha R

insurance premium is not directly linked to cost of raw materials,it's indirect cost of raw materials, thats why it comes under factory overhead

Thank you

Thread Starter

Sowmya Ilango

CA Inter

★ 4K+

11-Aug-22 09:25

It is the indirect cost.So comes under factory overheads

Shankari C

CA Inter

★ 12K+

11-Aug-22 10:09

Shankari C

It is the indirect cost.So comes under factory overheads

Thank you

Thread Starter

Sowmya Ilango

CA Inter

★ 4K+

11-Aug-22 10:25

Connect With Us

Sales

964-011-1110 / 913-331-0549

Support

915-491-1196

964-011-1110

support@indigolearn.com

Company

About Us

Careers

Information

Testimonials

FAQ

Terms & Conditions

CIN: U74999TG2017PTC116012 | GSTIN: 36AAECI4332C1Z0 | PAN: AAECI4332C

IndigoLearn

Cost sheet

Connect With Us

Company

Information

Courses

Course Guides

Offerings