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MATERIAL COSTING

Costing

can anyone explain me whow they calculated other expenses(58800Ã?2/98). Thanks in advance

theee k

CA Final

★ 435

28-Aug-22 18:50

483

Answers (2)

Best Answer

Expns till now 58800 + Other Expns = Total cost Since we don't know the total cost ,use the reverse method to find other Expns. 2/100 of Total cost = 2/(100-2) of total cost before taking 'other Expns' into account 58800 *2/98 is equal to 60000 *2/100 If we find some x% value on something before taking that into account. Reduce from the denominator Eg. x/(100-x)

Ashwin Kumar

CA Inter

★ 735

28-Aug-22 19:55

Ashwin Kumar

Expns till now 58800 + Other Expns = Total cost Since we don't know the total cost ,use the reverse method to find other Expns. 2/100 of Total cost = 2/(100-2) of total cost before taking 'other Expns' into account 58800 *2/98 is equal to 60000 *2/100 If we find some x% value on something before taking that into account. Reduce from the denominator Eg. x/(100-x)

Thanks lad

Thread Starter

theee k

CA Final

★ 435

28-Aug-22 20:00

MATERIAL COSTING

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