Standard Cost Card


Format                

Standard Cost CardNo … … … …Product… … … …Date of setting Standard… … … …
Element of CostQuantity of HoursRate Rs.Standard Cost
1. Direct MaterialMaterial AMaterial B400 units100 units5.004.002,000400
 500 units 2,400
Less: Normal Loss 5%25 unitsScrap Value400
Normal Output475 units 2,000
2. Direct Labour100 hrs20200
3. Overheads   

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