Criteria for the use of Taxes in Recipe Costing

Criteria for the use of Taxes in Recipe Costing

Knowing the cost in the Recipe: They represent only a reference parameter for decision making, especially in sales prices and discount policies.

The determination of a manufacturing cost should allow, among other things, the following:
- To set sales prices with certainty.
- To know your marketing margin.
- To know how much you are allocating to finance expenses that are not costs.
- Establish an adequate cost control and reduction policy.
- Allows a correct valuation of finished product inventories.
- A proper valuation of your elements for each cost item.

Throughout the Novohit implementations we have not found a generalized criterion among the different cost accountants on the incorporation of product taxes.
There are criteria that taxes are indirect costs as well as labor.

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