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Cost Sheet for Desklib - Direct Material, Direct Labor and Overhead Costs

Identify and explain the reasons why the managers of an organisation might need a sophisticated costing system, Explain and apply activity based management, Explain and apply activity based costing, Compare activity-based costing with traditional costing

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Added on  2023-06-12

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This spreadsheet model provides details of cost for proving the services. The cost are classified as the Direct material, direct labor and overhead costs. It is easy to use, reliable, effective and less time consuming.

Cost Sheet for Desklib - Direct Material, Direct Labor and Overhead Costs

Identify and explain the reasons why the managers of an organisation might need a sophisticated costing system, Explain and apply activity based management, Explain and apply activity based costing, Compare activity-based costing with traditional costing

   Added on 2023-06-12

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SPREADSHEET MODEL
Cost Sheet
Cost Sheet for Desklib - Direct Material, Direct Labor and Overhead Costs_1
INTRODUCTION
The spreadsheet is to provide details of cost for
proving the services.
The cost are classified as the
Direct material,
direct labor and
overhead costs
Cost Sheet for Desklib - Direct Material, Direct Labor and Overhead Costs_2
INSTRUCTION
The spreadsheet provides details of direct and indirect
expenses that are required for completing the job. In
order to use this spreadsheet effectively the steps that
should be followed are:
1. Go to the data tab of the spreadsheet.
2. Insert the rate per unit of estimated direct material
cost in the table 1.
3. In table 2 insert the estimated hourly labor cost.
4. In table 4, insert the estimated indirect overhead cost.
5. The budgeted labor hour should be included in the
table 4 for calculating budgeted overhead rate.
Cost Sheet for Desklib - Direct Material, Direct Labor and Overhead Costs_3
INSTRUCTION
The result is obtained in the layout spreadsheet.
The layout spreadsheet has three tables and a cost
summary.
These tables include both the estimated cost and the
actual cost.
In addition to this the resulting differences are also
included in the tables.
The cost summary provides a bird eye view of the
entire cost structure.
Cost Sheet for Desklib - Direct Material, Direct Labor and Overhead Costs_4

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