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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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Q: What is cost sheet and what purpose of use cost sheet?
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