What is COST SHEET..?:
What is COST SHEET..? It is a statement which shows various components of Total Cost of Product. It classifies and analyses the components of cost of a products.
:
How it prepared ?
On The Basis Of….:
On The Basis Of…. 1. Historical Cost 2. Estimated Cost
:
COMPONENTS
:
Prime cost Direct Material+Direct expenses+Direct labour . Factory Cost Prime cost + Factory Overheads Total cost Factory cost + Office and administration overheads.
:
importance
:
Cost ascertainment. Fixation of selling price. Help in cost control. Facilitates managerial decisions.
:
Illustration .
:
Illustration From the following information calculate the total cost of production Rs. Direct material 90,000 Direct Labour 32,000 Direct Expenses 9,000 Factory overheads 25,000 Office and administration overheads 18,000
:
THANK YOU
:
Prepared by…….. Mudang Tagiya MBA -007 Jumli Ete MBA -008 Satish Chand MBA – 009 Devedi .