What is the formula of Cost of Sales?

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

Classify the following items on the basis of traceability to the product: (i) Cost of cotton in textile...

Classify the following items into direct and indirect cost: Soln: Items Classification (i) Carriage expenses on raw materials...

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

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

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

In Marginal costing, total cost is divided into variable cost & fixed cost. Variable cost amount will change in...

Fixed expenses : This refers to those expenses, which remain constant, irrespective of changes in quantity produced / sold...