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prepare the cost sheet as per format. 29.1 COST SHEET : MEANING AND ITS IMPORTANCE. Cost sheet is a statement, which shows various components of total cost. 31+ SAMPLE Cost Sheets in PDF | MS Word · What Is a Cost Sheet? A cost sheet is a detailed statement representing the many costs involved in an organization or We will also add further subclassifications if we need to refine and further refine out cost analysis. COST SHEET – FORMATThey consists of direct materials, direct labour and direct expenses. The total of all direct costs is called prime cost. (b) Indirect Costs. Indirect costs are PREPARATION OF COST SHEET. Cost sheet is a statement designed to show the output of a particular accounting period along with break up of costs. Cost Sheet Format - Free download as Excel Spreadsheet (.xls), PDF File (.pdf), Text File (.txt) or read online for free. how to make a cost sheet. Definition​: A cost sheet is a statement which represents the various costs incurred at different stages of business operations, in a tabular format. The cost items in the cost statement shall be presented on 'basis of relevant classification'. Specimen Format of Cost Sheet for a Manufacturing entity. Cost Sheet of M/s for the period/year ended. Units Produced = XX. Units Sold. = XX. Particulars. Rs. Total. Per Unit. 1. DIRECT COST.