cost sheets
This query is : Resolved
A D - Loving Life
(Querist)
15 November 2008
Give me the information of two types of cost sheets namely marginal & absorption?
Ram Avtar Singh
(Expert)
15 November 2008
You can fiend by this link Mariginal cost sheet
https://www.docstoc.com/docs/281322/Cost-Sheet
https://www.docstoc.com/docs/281322/Cost-Sheet
Nirav Vora
(Expert)
15 November 2008
Hi..
The most important difference between marginal costing & Standared costing is that in marginal costing you need to considared all the manufacturing cost as a allocated cost, while in standared costing you need to considared all the manufacturing cast as period cost. for e.g. if u hv paid factory rent then full amount of rent will be taken as manufacturing cost while in stad. costing u treat as only period cost. There will alwalys difference in Closing stock figure.
The most important difference between marginal costing & Standared costing is that in marginal costing you need to considared all the manufacturing cost as a allocated cost, while in standared costing you need to considared all the manufacturing cast as period cost. for e.g. if u hv paid factory rent then full amount of rent will be taken as manufacturing cost while in stad. costing u treat as only period cost. There will alwalys difference in Closing stock figure.
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