1) how do you calculate the product costing as per CAS?

Question

Accepted Answer

Product costing as per CAS is calculated by identifying direct and indirect costs and allocating them to the product.

Identify direct costs such as materials and labor
Identify indirect costs such as overhead and allocate them based on a predetermined cost driver
Use the formula Total Cost = Direct Cost + Indirect Cost to calculate product cost
Ensure compliance with Cost Accounting Standards (CAS)

Accepted Answer

As per product costing calculated by direct and indirect cost to the product CAS direct cost plus indirect cost=total cost according cas

Accepted Answer

We are find the all mrp

Labour cost+electricity cost+row material cost+GST+transport+other