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Standard Cost Card No ... ... ... ... Product... ... ... ...Date of setting Standard... ... ... ... |
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Element of Cost |
Quantity of Hours |
Rate Rs. |
Standard Cost |
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1. Direct Material Material A Material B |
400 units 100 units |
5.00 4.00 |
2,000 400 |
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500 units |
|
2,400 |
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Less: Normal Loss 5% |
25 units |
Scrap Value |
400 |
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Normal Output |
475 units |
|
2,000 |
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2. Direct Labour |
100 hrs |
20 |
200 |
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3. Overheads |
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