Estimated cost sheet problems with solutions pdf

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All costs incurred or expected to be incurred during a given period are presented in the form of a statement, popularly called cost sheet or statement of cost anticipated changes in future price level. (B) PRACTICAL SOLVED PROBLEMS. Q1. A manufacturing company has shown an amount of Rs. 16,190 in his books as. Estimated cost sheet helps in the control of material cost, labour cost and overheads cost at every point of production. Facilitates managerial decisions. Itobtain a profit of 20% on selling price. Solution Cost Sheet Particular Direct material:Material used in manufacturing. Material used in Packing material. What would be the cost per unit and selling price in 2007, if it is desired to maintain the same rate of profit on sales as in 2006? Solution: Working: (i) Particulars. Rate per hr. Standing Charges. Chemical Solution. Attendants wages. Departmental overheads. (50 x 20). = 1,000. (