Cost Sheet | Class 12 | Account Nepal | Nepali | Old Question Solved | NEB Exam Question Preparation

Welcome to Everest Online Academy! In this video, we solve "Cost Sheets" , an essential topic in the Class 12 Accounts syllabus under the chapter Cost and Management Accounting . Understanding how to prepare a Cost Sheet is crucial for scoring well in exams like NEB. Whether you're struggling with identifying cost components, solving numerical problems, or answering theoretical questions, this video will guide you step-by-step with clear explanations, solved examples, and practical tips. The explanations are provided in both English and Nepali for better understanding.

✅ What You’ll Learn in This Video:

Introduction to Cost Sheet :
What is a Cost Sheet?
Definition: A statement that shows the detailed breakup of costs incurred during production, including direct materials, direct labor, and overheads.
Purpose: To determine the total cost of production and per-unit cost.
Importance of Cost Sheet:
Helps businesses analyze cost efficiency and control expenses.
Frequently tested in NEB exams under the Accounts section.
Key Concepts :
Components of a Cost Sheet :
Direct Materials : Raw materials directly used in production.
Direct Labor : Wages paid to workers directly involved in production.
Prime Cost : Direct Materials + Direct Labor.
Factory Overheads : Indirect costs related to production (e.g., rent, utilities).
Works Cost : Prime Cost + Factory Overheads.
Office and Administrative Overheads : Costs related to office operations.
Cost of Production : Works Cost + Office Overheads.
Selling and Distribution Overheads : Costs related to marketing and delivering the product.
Total Cost : Cost of Production + Selling and Distribution Overheads.
Format of a Cost Sheet :
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Particulars | Amount (Rs.)
---------------------------------------------|---------------
Direct Materials | XXX
Direct Labor | XXX
Prime Cost | XXX
Add: Factory Overheads | XXX
Works Cost | XXX
Add: Office and Administrative Overheads | XXX
Cost of Production | XXX
Add: Selling and Distribution Overheads | XXX
Total Cost | XXX
Step-by-Step Solutions to Exam Questions :
Preparing Cost Sheets systematically.
Application of concepts in real exam scenarios.
Common Mistakes to Avoid While Preparing Cost Sheets :
Misclassifying costs between direct and indirect categories.
Forgetting to include all overheads in the calculation.
Missing out on calculating per-unit costs when required.
Tips to Score Full Marks in Accounts Questions :
Practice solving previous years' questions.
Memorize the format and components of the Cost Sheet.
Focus on accuracy and clarity in presenting the calculations.
💡 Why Watch This Video?
The "Cost Sheet" chapter is a frequently tested topic in NEB exams, especially in the context of numerical problems and theoretical questions. By mastering this concept, you can confidently tackle exam questions and secure full marks in this section. This video simplifies the process, provides solved examples, and includes practical tips to ensure you’re fully prepared.

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Видео Cost Sheet | Class 12 | Account Nepal | Nepali | Old Question Solved | NEB Exam Question Preparation канала Everest Online Academy