hai
i have one doubt that is how to prepare cost reports in company. plz clarify my doubt.
2 Replies
Balaji Sarangarajan
(MBA & (CA Final))
(1131 Points)
Replied 24 January 2008
Hi rajyalakshmi
the following format may be useful for you to prepare costing statement
1.Sales XXX
Less: Direct material Cost XXX
Direct Labour Cost XXX
Direct Expenses (Prodn Expns) XXX
2. Total Variable Cost XXX
Contribution 1-2 XXX
Per Unit cost = Total Variable Cost / No of units produced.
C.rajesh
(Articles)
(1392 Points)
Replied 31 March 2008
the cost statement shows the cost of a particular product. In calculating the cost each and every factor has its own importance. whether it is fixed or variable, direct or indirect. may the following gives u the right solution:
cost of rawmaterial:
+freight
+direct labour
+any direct expenses
+variable expenses like indirect labour etc.,
this constitutes the cost of the total production. if we divide the total cost by the total quantity produced we can get the product cost.
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