LECTURE 3 STATEMENT OF COST & COST SHEET COMBINED NUMERICAL SOLUTION

This lecture explain the concept of unit costing which covers statement of cost and cost sheet combined. Basically this lecture entails the second stage of learning which is IMPLEMENTATION. As explained in the (lecture 2 concept n format of cost statement and cost sheet) two step of learning that is

1.CONCEPT CLARITY
2.IMPLEMENTATION

This lecture focus on IMPLEMENTATION means it explains you how to identify the direct, indirect expenses thereafter making the cost statement & cost sheet which later helps in fixation of selling price,Tender quotation and profit margin.