INDIRECT MANUFACTURING COSTS (CIF) are the third component of Production Costs. After having calculated the Raw Materials Costs and the Direct Labor Cost with precision, comes the issue of how to calculate the CIFs and it is precisely at that moment that the first difficulty arises given that it is almost "mission impossible "Specify how to load the items that make up other costs assignable to the product or service.
As an example, it is almost impossible to determine what proportion of the supervisor's salary should be charged to a product for the same fact that the character is simultaneously performing multiple tasks and possibly with several products, then it becomes necessary to establish an "acceptable" "To charge all these indirect costs.
The CIF Allocation Rate is the tool devised for this purpose.
It deserves the attention of the Directorate, to determine on the basis of which DENOMINATOR it is more proper to establish that Rate of Allocation for the Organization.
Let's look at how the CIF ESTIMATION is done.
**QUESTIONS**
Can CIFs be calculated? Are CIFs calculated or estimated? What are CIFs? Why can not CIFs be assigned to a product or service? How are CIFs assigned? A Product or a Service? What CIF Assignment Fee should I use?
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10 сен 2024