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Costing
Team 3:
T.R Srinath 16BM60041
Jayesh R - 16BM60091
Abhiram Aditya C - 16BM60119
Inventory Cost is mostly related to the WIP and finished goods holding cost.
Analysis
Furniture World sells all the furniture like Sofas, Chairs etc.
Standard Costs
1. Costs of direct material
i. Teak wood- Rs. 2500 per cubic feet
ii. Burma wood- Rs. 3000 per cubic feet
iii. Ply wood (per sq. feet) - Rs. 20 for 30mm
iv. Neem wood- Rs. 650 per cubic feet
v. Rose Wood Rs. 2200 per cubic feet
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