Cost accounting

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2013 Can anyone help me in determining how fixed,variable and semi-variable costs to be put in cost sheet format and also how to calculate the same .

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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18 August 2013 Fixed cost: it will be remain in Amount in Rupees irrespective of the number of unit production

Variable cost : it will be remain constant on the each unit of production and increase every unit of production

Semi variable cost: variable at some level of production and after that amount will be constant

Please refer Cost Accounting standards for details