Dear Forum Memebrs I am working in a spinning mill, I prepared costing sheets, i required one formula in costing sheet. Cost Ascertainment is concerned with computation of actual costs. A cost accountant sets up costcentres to enable him to ascertain the costs he needs to know. Speeds of speedframe , combers and ringframes do not affect the yarn quality as it is affected by card and drawframe speeds. Two assumptions are made in the illustration. In a spining mill, power cost, administrative wages, managerial salaries, materials used in … Spinning mill costing Textile Technology. Get Price. Kallam Spinning Mills Ltd has been listed in BSE since 1995 and has 100% compliance from inception to till date. is concerned with computation of actual costs. Direct cost for a spinning mill includes rawmaterial price, packing cost, freight. It has primarily developed to . 36sTc is only for Philippines market, it can not be sold in Malaysia, eventhough the quality is good, the count pattern depends upon the market requirement and the major counts in the market, not only on the contribution. The other costs can not be conveniently allocated to per kg of a … Because once the plant is designed, spares cost, power cost, administration cost,labour cost etc almost remain constant. Cotribution = selling price – direct cost. Spinning mill costing. resources should not be wasted on collecting and compiling cost data not required. COSTING FOR A SPINNING MILL - Cost Accounting - Page 2 MATERIAL COST: DIRECT MATERIAL is that which can be conveniently identified with and allocated to cost … Chat Online For example in a spinning mill, the number of maintenance workers, no of workers in utility department etc. (without land & building cost) you can start a unit with 3000 spindles. Standard costing: This is the valuable technique to control the cost. (This is applicable in India ) Cost accounting is a system of determining the costs of products or services. For example in a spinning mill the cost per kg of yarn may be ascertained. Kg of yarn is cost unit. Financial accounting provides information about profit , loss, cost etc., of the collective activities of the business as a whole. Nyambara – Spinning mill Southern Rhodesia reserves, to say nothing of those employed in the mills.” 31 Table 2 below shows . Direct cost for a spinning mill includes rawmaterial price, packing cost, freight. These are general costs and are incurred for the benefit of a number of cost units, processes or departments. THis is the reason why costing is important for a running mill. They do not increase or decrease when the volume of production changes. INDIRECT EXPENSES can not be directly identified with a particular job, process and are common to cost units and cost centres. Market of Second Hand Concrete Batching Plants For Sale In MalaysiaDevelopment of Second Hand Concrete Batching Plants are to large-scale, automated, intelligen. It has primarily developed to meet the needs of management. If you have 20-25L approx. 1. Cost unit breaks up the cost into smaller sub-divisions and helps in ascertaining the cost of saleable products or services. For a spinning mill, costs of rawmaterial used, packing material, freight etc are direct costs Indirect Cost These are general costs and are incurred for the benefit of a number of cost units, processes or departments. This is used in mass production industries manufacturing standardised products in continuous processes of manufacutring. Profitability of a spinning mill is decided by its commercial performance on one hand and conversion cost on the other. flexibility needs more investment and more day to day expenses, if a project has to be more flexible, it has to invest more money on infrastructure, the major factor which will make the project feasible with less felexibility is YARN QUALITY in a spinning mill. 1 Introduction Meaning Definition Features Advantages/Limitations Terminologies 8 2 Application of Process Costing 12 3 Format of Process account 13 4 Case Studyon Volant Textile Mills Ltd. These costs tend to vary in direct proportion to the volume of output. In this technique, standard cost is predetermined as target of performance and actual performance is measured against the standard. This is because, marginal costing regards only variable costs as the costs of products. The person in charge of a cost centre is held responsible for the control of cost of that centre. INDIRECT COST: These are general costs and are incurred for the benefit of a number of cost units, processes or departments. These costs cannot be conveniently identified with a particular cost unit or cost centre. Cost Accounting Cost Accounting is a system of determining the costs of products or services. third spinning mill, Costing Department, 26 May 1951. It is better to use 50% PLN and 50 % own generation. It does not give the data regarding costs by departments, products, processes and sales territories etc. VARIABLE COSTS: These costs tend to vary in direct proportion to the volume of output. Costing is an important issue for every production based industry. Method of costing refers to the techniques and processes employed in the ascertainment of costs. Investment decision must take into account the cost of entire textile value chain. Dear Manish Find the enclosed attachment. Cost unit breaks up the cost into smaller sub-divisions and helps in ascertaining the cost of saleable products or services. Friends. small spinning mill project cost . These costs cannot be conveniently identified with a particular cost unit or cost centre. Golden period to start a spinning unit is now(2017). All other costs are either fixed costs or semi variable costs. Looking into the cotribution per kg of yarn, the project should produce only 36s TC. Spinning Mill Unit; Open End Cotton Yarn Manufacturer +91 9397977---Haribabu ; manufacturer; Contact Now. It is used in preparing projected financial statements. A ready made system can not be suitable, It must be fully supported by executives of various departments and every one should participate in it, In order to derive maximum benefits from a costing system, well defined cost centres and responsibility centres should be built within the organisation, Controllable and uncontrollable costs of each responsiblity centre should be separately shown, Cost and financial accounts may be integrated in order to avoid duplication of accounts, Well trained and educated staff should be employed to operte the system, It should prepare an accurate reports and promptly submit teh same to appropriate level of management so that action may be taken without delay. But in this project they have considered 5 different counts. ELEMENTS OF COST: A cost is composed of three elements i.e. Apr 21, 2009 In indonesia, most of the units use PLN power and some of the spinning mills use Gensets. The following table gives the details of the accessories like cans for carding, drawframe, bobbins, trollies etc, The following table gives the details about the investments required on service and maintenance equipments. 2. COSTING FOR A SPINNING MILL. Send Email: [email protected] Submit Message Inquiry Online. For spinning mills , process costing is employed. It has primarily developed to meet the needs of management. Dear forum members I am working in a spinning mills as an asst. Drawframe contributes a lot to the yarn quality and the ringframe and winding machine working. Cotton spinning calculations and yarn costs : a practical and comprehensive manual of calculations, yarn costs, and other data involved in adapting the machinery in all sections, and for all grades, of spinning and doubling Item Preview remove-circle Share or Embed This Item. It needs a lot felxibility, customers are not same, the price depends on the customers, the end uses are not same, the price depends on the enduse, this unit exports 80% of the yarn, it can not depend on one country, eg. PROJECT PROFILE ON Spinning Mill (14400 Spindles) PREPARED BY Many times, it can lead to either over costing or under costing of some counts, thereby affecting the profit realisation. Costing In Spinning Mills . Following information is required to work out a costing for a new plant: For this , i have used the details of the modern mill which is running in Indonesia from year 2000. Let’s see how to calculate this for an yarn manufacturer’s ( ring spinning ). Impact of target costing and activity based costing on improving the profitability of spinning mills in coimbatore – empirical study on spinning mills. Roller crusher is used for coarse crushing or tertiary crushing. Costing In Spinning Mill textilesindepth's blog. The difference between standard and actual costs are analysed to know teh reasons for the difference so that corrective actions may be taken. ESSENTIALS OF A GOOD COST ACCOUNTING SYSTEM: CASE 1. The ultimate aim of the project is to maximise the contribution. It is always better to keep excess carding and autoleveller drawframes, so that flexibility of the project is also maintained. Fixed cost is treated as period cost and no attempt is made to allocate or apportion this cost to individual cost centres or cost units. vrtnieuws.net - Dejaeghere Spinning Mills is failliet di 20/02/07 - Het textielbedrijf Dejaeghere Spinning Mills is failliet verklaard. All other costs are either fixed costs or semi variable costs. In general for a spinning mill ,contribution per kg ofa particular count is calculated to work out the economics for a new project as well as for a running mill. In general for a spinning mill ,contribution per kg ofa particular count is calculated to work out the economics for a new project as well as for a running mill. Resources should not be wasted on collecting and compiling cost data not required. Card service machines like Flat tops clipping machine and flats grinding machine are very important for yarn quality. About 20 % of production costs in spinning mill (tex 20) fall under the heading energy and of these costs about two thirds are used in the ring spinning section. In a spining mill, power cost, administrative wages, managerial salaries, materials used in repairs etc are indirect costs. Hope this will clear ur doubts Cost accounting is a system of determining the costs of products or services. Cost accounting is a system of determining the costs of products or services. Capacity of the plant – No of spindles to be installed and the number of back process and winding machines required, rawmaterial cost(including freight, duty etc). Cost accounting is a system of determining the costs of products or services. In general for a spinning mill ,contribution per kg ofa particular count is calculated to work out the economics for a new project as well as for a running mill. For a spinning mill, costs of rawmaterial used, packing material, freight etc are direct costs. Manager, costing. 1950 to 19 March 1952. 1.1 Short-staple yarn spinning Spinning is defined by Barker as the “ art of throwing a number of more or less short fibres together in such a way that, being drawn out to form a comparatively fine filament ” [ 13 ]. Attaching the file containing formats for calculating cost of spinning mill by process costing, Attached File : 347944 1210996 textile cost accounting rules.pdf downloaded: 1181 times. User Review Rating . It is not wise to buy a cheaper drawframe and save money. Costing In Spinning Mills. Cost estimates may serve as targets in controlling the costs. Estimated costs are definitely the future costs and are based on teh average of the past actual costs adjusted for future anticipated changes in future. Blow room capacity should be utilised to the maximum, as it consumes a lot of power ,space and money. Fixed cost is treated as period cost and no attempt is made to allocate or apportion this cost to individual cost centres or cost units. is the process of predetermining costs of goods or services. INTTRODUCTION: It is better to review the basics concepts, costing methods and techniques and elements of costing before we work out a costing for a spinning mill. Kallam Spinning Mills Ltd, had never changed its bankers and kept cordial relationship at all times. A cost unit is defined as a " unit of product , service or time in relation to which cost may be ascertained or expressed." while working out the costing finance cost on investment , overhauling cost, running cost, efficiency of the machine should be considered for cost caluculation in the case of Genset. Each small section is treated as a cost centre of which cost is ascertained. Direct materials generally become a part of the finished product. The person in charge of a cost centre is held responsible for the control of cost of that centre. In other words, when volume of output increases, total variable cost also increases and vice-versa. It provides detailed cost information to various levels of management for efficient performance of their functions. Each small section is treated as a cost centre of which cost is ascertained. It is better to review the basics concepts, costing methods and techniques and elements of costing before we work out a costing for a spinning mill. 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