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

Consumable materials are included in?

Rinuja TK

CA Inter

★ 10K+

23-Aug-21 20:04

339

Answers (4)

Best Answer

Factory overhead

Himanshu Somani

CA Final

★ 71K+

23-Aug-21 20:15

Usually consumable stores and spares are classified under Factory overheads. But in the attached question(RTP NOV 2020), 'consumable materials' are included under direct materials. Why?

Thread Starter

Rinuja TK

CA Inter

★ 10K+

23-Aug-21 20:59

Thread Starter

Rinuja TK

Usually consumable stores and spares are classified under Factory overheads. But in the attached question(RTP NOV 2020), 'consumable materials' are included under direct materials. Why?

Not sure then :(

Himanshu Somani

CA Final

★ 71K+

23-Aug-21 21:29

Thread Starter

Rinuja TK

Usually consumable stores and spares are classified under Factory overheads. But in the attached question(RTP NOV 2020), 'consumable materials' are included under direct materials. Why?

they are not taken under direct materials they are taken under direct expenses