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Sir Can we Deduct scrap from direct material itself or only after Factory cost stage. When should we deduct scrap sir

M V Naresh

CA Final

★ 3K+

09-May-21 14:33

353

Answers (2)

It can be deducted from cost of material consumed or from factory overheads

Deepak Raja

CMA Inter

★ 1K+

09-May-21 21:00

It is reduced from factory cost to arrive at cost of production

Sudha Reddy

CA Final

★ 20K+

10-May-21 10:29

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