What is a Cost Sheet?

Classify the following items on the basis of cost: (a) On the basis of functions: (i) Legal expenses...

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

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

Cost Classification: (1) Direct cost can be directly identified with the finished products. (2) Indirect cost cannot be directly...

P.R.S. is a statement prepared to reconcile the difference between : A) Net profit as per Cost Accounts (...

Methods of Costing: Cost may be ascertained by different methods depending upon the type of output and nature of...

Classify the following on the basis of: (a) Functions: (i) Salesmen’s salary (ii) Office rent (iii) Factory watchmans...

PRIME COST : = DIRECT MATERIALS + DIRECT WAGES + DIRECT EXPENSES