Tag Archives | Cost Accounting

Specimen of Cost Sheet | Cost Accounting

The below mentioned article provides a specimen of cost sheet. Cost sheet identifies flow of input throughout the conversion process till its sale or consumption.

Essay on Cost (For Students) | Cost Accounting

Read this essay to learn about:- 1. Meaning of Cost 2. Cost Elements 3. Direct Costs and Indirect Costs 3. Classification. Essay # 1. Meaning of Cost: Cost is the sacrifice of resource to achieve an objective. In relation to production, cost is sacrifice of resource to produce goods. Cost is measured in monetary term. […]

Marginal Cost Analysis | Cost Analysis | Cost Accounting

In this article we will discuss about the marginal cost analysis. Marginal cost analysis requires analysis of cost into fixed and variable elements. Suppose that selling price per unit of a product is Rs.100 and variable cost per unit is Rs.60. Contribution per unit is Rs.40. You may say contribution as gross margin. Profit Volume […]

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