How do u prepare Cost sheet? on what basis it is prepared
how it is useful to the management?
Answers were Sorted based on User's Feedback
Answer / riswan
According to the format we can proceed i.e 1st we get Prime
Cost,Factory OH,Cost of Pdn like dat.It is useful fo Find
the cost of production.How we spend for Product to Produce.
Is This Answer Correct ? | 20 Yes | 3 No |
Answer / raja
Cost sheet is very usefull to take management decissions,
costsheet is calculation of all costs will spent on the
product(Fixed cost,Overhead and verible cost).based on the
price will fixed for the products.
Is This Answer Correct ? | 14 Yes | 3 No |
Answer / manjusha
Cost sheet is a statement, which shows various components of total cost of a product. It classifies and analyses the components of cost of a product.
Previous periods data is given in the cost sheet for comparative study.
It is a statement which shows per unit cost in addition to Total Cost.
Selling price is ascertained with the help of cost sheet. The details of total cost presented in the form of a statement is termed as Cost sheet.
Is This Answer Correct ? | 4 Yes | 2 No |
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