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COST ACCOUNTING THEORY, PROBLEMS AND SOLUTIONS MUMBAI NEW DELHI NAGPUR BENGALURU HYDERABAD CHENNAI PUNE LUCKNOW AHMEDABAD ERNAKULAM BHUBANESWAR INDORE Cost sheet is a statement designed to show the output of a particular accounting period along with break up of costs. It is often considered good to prepare (i) Direct Material Cost. (ii) Direct Employee (labour) Cost. (iii) Direct Expenses. (iv) Production/ Manufacturing Overheads. (v) Administration Overheads. (vi)Problems and Solutions. Chapter: Cost Sheet. Calculation of different percentage after preparing Cost Sheet. 1. The Directors of a manufacturing company After reading this article you will learn about cost accounting problems on: 1. Cost Sheet 2. Economic Ordering Quantity 3. Store Ledger 4. Wage Payment 5. 1) Financial Cost like, Interest on loan, Bad debt written off, Payment of Dividend. 2) Intangible asset written off: Goodwill written off,. 3) Income tax paid. Practical problems (Short Answers). 1. Opening stock of raw material. Closing stock of raw material. Material purchased. Find raw material consumed. -