the amount of money spent by a company on its labor, materials, and overheads to manufacture/purchase products of the goods that are sold to customers during the year.
A Cost sheet is a periodic accounting document which is prepared to know the outcome and breakup of costs for a particular accounting period. It shows various components of total cost of a product. It will classify and analyze the components of cost of a product. This document helps in ascertaining the selling price of […]