3

Cost Sheet/Statement of Cost

CHAPTER OUTLINE
LEARNING OBJECTIVES

After reading this chapter, you will be able to understand:

  • The meaning of cost sheet
  • The features of cost sheet
  • Items that are not considered in the cost sheet
  • Format of a simple cost sheet
  • Format of an advanced cost sheet
3.1 INTRODUCTION

Cost sheet is a statement prepared to show the various elements of costs, like prime cost, factory cost of production and total cost. It is prepared at regular intervals, for ...

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