A cost sheet is a statement of cost incurred,or to be incurred, for producing a given volume of output or for rendering services.
Cost sheet helps cost control and pricing decision.It may be based on absorption costing or marginal costing techniques.
Cost sheet formate:
| Account Title | tk | tk |
|---|---|---|
| Beganing inventory | *** | |
| Purchase | *** | |
| (-)Return to supplier | (***) | |
| (-)Abnormal loss | (***) | |
| (+)Insurance (1) | *** | |
| (+)Freight | *** | |
| Useable raw material | *** | |
| less : Ending inventory | (***) | |
| Used raw material | *** | |
| Direct Labour | *** | |
| Direct Expense | *** | |
| (less)sales of Scraf normal loss | (***) | |
| Prime Cost | *** | |
| Factory Overhaed | *** | |
| Work Cost | *** | |
| (+)Beganing work in pogress | *** | |
| (-)Ending Work in pogress | ***
____ |
|
| Product Cost | *** |
