It also defines the nature of the cost in manufacturing process. So, in this blog we will be uncovering Cost group configuration and its important.Ĭost group is the classification of the different types of cost component contributed to manufacturing process. So, one of the major components for costing is “Cost group”. Now, in manufacturing process most important factor is cost, how we define the costing impact and how do we account this in financials. I have been thinking of writing on complete production cycle for so long, so this is the first part of the series.
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