Cost Sheet - CA Inter Coasting
Financial accountant is more interested in company that at the end of the year this company has
on this much profit okay he is interested in that but as a cost accountant guys you guys will have
to take the decision. Financial accountant thinks for the company and your cost accountant
things from the products perspective like simply in 10th examination let us say you got 80
percent now what to do sir. The business of manufacturing what let us say this pen only with
which i 'm writing so guys so if you are in the business of. manufacturing pen in order to
manufacture this pen now think about this you are a businessman you you thought let 's do one
thing and let us manufacture this. pen so tell me what are types of cost that you guys are going
to incur those you guys will. incur.
These are incurred if you want you can visit the factory okay so now that is what it is now after
factory uh there is one more cost which is incurred. gave you a rough idea obviously i can not
have a tour of factory with you guys let us have a look these are the cost we incur. The cost of a
product is actually divided into two parts one is a direct cost another one is indirect cost we will
write that in detail but i give you the idea one is known as direct cost. indirect cost is also known
as overheads indirect cost also known as what over it is. Whatever cost you incurred in the
factory that is divided into two parts one is direct one is indirect okay now let me explain now.
can say it is factory indirect cost or factory overhead which is incurred in factory and there is
office in administration overhead and then there is selling and distribution over it.
When i say direct direct direct means something which is involved in production activity and
which has a direct connection. When you appear for your examination you have to write the
paper so you are directly involved but before that there is a supervisor or i can say let us say
that. When i talk about supervisor he was directly involved he was not manufacturing a product
he was supervising and when i. say he was. directly involved or he was indirectly involved or.
indirectly involved. There is one cost which you incurred on the head of the factory so that is
known as factory overhead. Other costs also which are incurred these are indirect costs so i
hope this is clear as to this factory overhead is your indirect cost. Everything is indirect so
whatever cost you incurred in the factory is indirect. Cost of a product means total of all
expenses incurred from consumption of raw material till finish goods is sold in the market. When
you add all the expenses and then you take the total that is nothing but costing okay so so so
costing means to calculate the cost of a. product so so do you know what is costing means?
Please type d in message chat box so i will come to that.
THANK YOU
Financial accountant is more interested in company that at the end of the year this company has
on this much profit okay he is interested in that but as a cost accountant guys you guys will have
to take the decision. Financial accountant thinks for the company and your cost accountant
things from the products perspective like simply in 10th examination let us say you got 80
percent now what to do sir. The business of manufacturing what let us say this pen only with
which i 'm writing so guys so if you are in the business of. manufacturing pen in order to
manufacture this pen now think about this you are a businessman you you thought let 's do one
thing and let us manufacture this. pen so tell me what are types of cost that you guys are going
to incur those you guys will. incur.
These are incurred if you want you can visit the factory okay so now that is what it is now after
factory uh there is one more cost which is incurred. gave you a rough idea obviously i can not
have a tour of factory with you guys let us have a look these are the cost we incur. The cost of a
product is actually divided into two parts one is a direct cost another one is indirect cost we will
write that in detail but i give you the idea one is known as direct cost. indirect cost is also known
as overheads indirect cost also known as what over it is. Whatever cost you incurred in the
factory that is divided into two parts one is direct one is indirect okay now let me explain now.
can say it is factory indirect cost or factory overhead which is incurred in factory and there is
office in administration overhead and then there is selling and distribution over it.
When i say direct direct direct means something which is involved in production activity and
which has a direct connection. When you appear for your examination you have to write the
paper so you are directly involved but before that there is a supervisor or i can say let us say
that. When i talk about supervisor he was directly involved he was not manufacturing a product
he was supervising and when i. say he was. directly involved or he was indirectly involved or.
indirectly involved. There is one cost which you incurred on the head of the factory so that is
known as factory overhead. Other costs also which are incurred these are indirect costs so i
hope this is clear as to this factory overhead is your indirect cost. Everything is indirect so
whatever cost you incurred in the factory is indirect. Cost of a product means total of all
expenses incurred from consumption of raw material till finish goods is sold in the market. When
you add all the expenses and then you take the total that is nothing but costing okay so so so
costing means to calculate the cost of a. product so so do you know what is costing means?
Please type d in message chat box so i will come to that.
THANK YOU
