Cost price is the cost assigned to a product or unit under a defined scope. It may include more than the supplier invoice, such as transport or allocated overhead. Cost-based pricing requires that scope to be explicit.[1]
Specify whether the unit is purchased, saleable or sold and how damage or wastage is treated. Keep recoverable VAT separate from cost. Two cost prices are comparable only when they use the same included items, units and allocation rules.
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.