LECTURE 2 CONCEPT AND FORMAT OF STATEMENT OF COST & COST SHEET
- 6 years ago
This lecture explains the basic concept of unit costing by covering statement of cost and cost sheet combined. The lecture entails the cost incurred for manufacturing purposes and elements of UNIT COSTING.
Learning is basically based on two stages.
a) CONCEPT CLARITY
b. IMPLEMENTATION
2. The lecture covers first stage i.e. concept clarity in easy way and also format of statement of cost & cost sheet, both are inter related. This helps in fixation of selling price, tender quotation price and profit margin etc.
Learning is basically based on two stages.
a) CONCEPT CLARITY
b. IMPLEMENTATION
2. The lecture covers first stage i.e. concept clarity in easy way and also format of statement of cost & cost sheet, both are inter related. This helps in fixation of selling price, tender quotation price and profit margin etc.