COST SHEET

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related to cost accounting

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COST SHEET:

DEFINITION. COMPONENTS. Illustration. IMPORTANCE. COST SHEET

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.

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How it prepared ?

On The Basis Of….:

On The Basis Of…. 1. Historical Cost 2. Estimated Cost

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COMPONENTS

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Prime cost Direct Material+Direct expenses+Direct labour . Factory Cost Prime cost + Factory Overheads Total cost Factory cost + Office and administration overheads.

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importance

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Cost ascertainment. Fixation of selling price. Help in cost control. Facilitates managerial decisions.

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Illustration .

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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

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THANK YOU

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Prepared by…….. Mudang Tagiya MBA -007 Jumli Ete MBA -008 Satish Chand MBA – 009 Devedi .

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