INTERVIEW QUESTIONS ACCOUNTS COST ACCOUNTING DETAILS

Question: Explain cost sheet?

Answer: Cost sheet is a statement of cost for a product for given period of time.

Cost sheet is a statement of cost for a product for given period of time. Source: CoolInterview.com

cost sheet is a detailed statement of cost of a product for a given period of time. Source: CoolInterview.com

Cost sheet means a statement prepare to arrive per unit cost which includes Raw material cost, Packing materials Cost, Conversion Cost & packing charges.
If the product is manufacturred for 3rd party, finance cost & margin to be added. Source: CoolInterview.com

cost sheet is a decision making statement contains both historical and estimated data related to cost of production, expressed in terms of cost per unit for a particular product at a point of time. Source: CoolInterview.com

function of cost sheet Source: CoolInterview.com

Cost Sheet is a periodical statement of cost designed to show in detail the various elements of cost of goods produced like Prime Cost, Factory Cost of Production & Total Cost. It is prepared at regular intervals eg, weekly, monthly quarterly, yearly etc. Comparative figures of the various period may also be shown in the cost sheet so that assessement can be made aboput the progress of the business. Source: CoolInterview.com

A cost sheet is a documents that collects costs of a job, product or service.It will collect details of direct costs and overheads. The end result will be the cost of product or service or cost incurred in a particular cost centre. Source: CoolInterview.com

cost sheet means statement of cost showing, cost per unit of any product at every level of production.
its important to know that at what stage of production we are have what price. Source: CoolInterview.com

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