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Cost Sheet FINAL

Cost Sheet FINAL

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Published by ramanroy

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Categories:Types, Brochures
Published by: ramanroy on Feb 04, 2010
Copyright:Attribution Non-commercial

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07/12/2013

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To determine per unit cost and total
cost of production.
To know detailed per unit cost

Calculating the variation in cost and
determining the reasons for variation
and comparing.
To decide the price of production

The Expenditure, which has been incurred
upon production for a period is extracted
from the financial books and store records,
and set out in memorandum statement. If
this period statement is confined to the
disclosure of cost of units produced during
the period, then it is termed as COST
SHEET.
Cost sheet
Statement of cost and statement of profit
Production Account
Trading & profit & loss A/c & Working A/c

COST SHEET

It presents an analytical statement of
expenses of production by which per unit
cost of production and different overheads
are known.

-WALTER W. BIGG

Cost Sheet reveals….

Units produced during particular period
Direct material,direct labor & other
direct expenses incurred during
particular period
Estimation & allocation of different
overheads
Relation between different components
of cost
Comparison of old records

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