Page 209 - Microsoft Word - 00 ACCA F1 Notes Prelims.docx

Accounting and finance functions within business

3.2 Cost schedules

A cost schedule list the various expenses involved in manufacturing units
of a product. This is often shown as a list of the costs incurred when
making a unit of each type of product we make. This may be called a
standard cost card.

$
Direct materials X

Direct labour X
Variable overheads X

Fixed overheads X
–––

Total (absorption) cost X
–––

203