What is the formula of Prime Cost?

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

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

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

Classify the following items into direct and indirect cost: (i) Carriage outwards ` 800. (ii) Cost of raw...

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

Items to be “Completely Ignored” while Preparing Cost Sheet : I. *Gains / Incomes / Profits: All * to...

Cost sheet is a statement showing total cost (Cost of sales) and profit. It includes only two incomes i.e....

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