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A cost sheet is a report on which is accumulated all of the costs associated with a product. It is used to compile the margin earned on a product or job.

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Q: What is a cost sheet?
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Cost sheet is a statement, which shows various components of total cost of a product.It classifies and analyses the components of cost of a product. Previous periods data is given in the cost sheet for comparative study. It is a statement which shows per unit cost in addition to Total Cost. Selling price is ascertained with the help of cost sheet. The details of total cost presented in the form of a statement is termed as Cost sheet. Cost sheet is prepared on the basis of : 1. Historical Cost 2. Estimated Cost


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