What is a Cost Sheet?

COST OBJECT / OBJECTIVE OF COST: The objective of cost are as follows: (1) Determination of Total Cost: To...

COST OF PRODUCTION : = FACTORY COST + OFFICE & ADMINISTRATION OVERHEADS

Break Even Point ( BEP ) : BEP means the point of no profit or no loss. BEP is...

Factory overheads : This refers to various expenses incurred in relation to the manufacturing or production of the product....

Classify the following items on the basis of behaviour to change in level of activity: (i) Office insurance...

Semi Variable expenses : This refers to those expenses, which are partly fixed and partly variable. e.g. : Telephone...

Office and Administration overheads : This is also known as General on cost or Administrative on cost. This refers...

NATURE / FEATURES / CHARACTERISTICS OF COST: (1) Cost is an expense incurred, actual or notional. (2) Cost may...