Cost Sheet: It is a statement which is made to ascertain the total cost of product and also the cost per unit. It is used when volume of production is given in the question. It helps to compare two product of same industry or compare two different time period cost sheet. Example: Find out the total cost of a product with the help of given information: Particulars Amount Raw material 60,000 Factory supervisor fee 1,20,000 Factory expense 26,000 Opening stock of raw material 20,000 Carriage inward 18,000 Direct wages 50,000 Office rent and electricity expenses 32,000 Selling and distribution expenses 14,000 Closing stock of raw material 8,000 Output produced 5200 unit Prepare cost sheet of 2009 to ascertain factory cost also. Soluti
This blog is totally for education purpose which helps to solve finance related numerical like time value of money, annuity ,perpetuity, technique of capital budgeting, cost of capital, working capital management and hire purchase etc.