Cost sheet format and cost audit report part a to d ?

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Accepted Answer

Cost sheet format includes direct and indirect costs. Cost audit report has 4 parts: A - General information, B - Cost accounting records, C - Cost statements, D - Reconciliation.

Cost sheet format includes direct and indirect costs
Direct costs include raw materials, labor, and other expenses directly related to production
Indirect costs include rent, utilities, and other expenses not directly related to production
Cost audit report has 4 parts: A - General information, B - Cost accounting records, C - Cost statements, D - Reconciliation
Part A includes general information about the company and the audit
Part B includes details of the cost accounting records maintained by the company
Part C includes cost statements such as cost of production, cost of sales, and cost of goods sold
Part D includes reconciliation of the cost statements with the financial statements of the company

Cost sheet format and cost audit report part a to d ?

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