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.
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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. […]
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 […]