nick18_in
MP Guru
Landed Cost is the total cost of getting a procured item at a required location in a usable condition.
It includes -
1. Purchase Price (after discounts if any)
2. Taxes (including duties, surcharges and cess)
3. Logistics Charges (Transportation/ Documentation/ Handling/etc)
Landed cost may be calculated at standards or at 'actuals' (last cost/ weighted average).
Landed cost is actual cost minus calculated cost..
or cost Price minus selling price.
It includes -
1. Purchase Price (after discounts if any)
2. Taxes (including duties, surcharges and cess)
3. Logistics Charges (Transportation/ Documentation/ Handling/etc)
Landed cost may be calculated at standards or at 'actuals' (last cost/ weighted average).
Landed cost is actual cost minus calculated cost..
or cost Price minus selling price.