3
Cost Sheet/Statement of Cost
CHAPTER OUTLINE
3. Items Not Included in Total Costs (Non-cost Items)
4. Format of a Simple Cost Sheet
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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