Allocation cost Fixed cost and valuation of inventory
I need help on the following issue .Thi is urgent .
In product costing we need to take the value of Fixed over head ( say Power ) to
The inventoy value. At the same time the client needs to see the power cost as
Cost component ( Activity confirmation will not be possible for power ).
Please help me to understand how the common cost (fixed ) can be allocated to the material .
Please give a detail view of the process to follow.
Somendra N Dey