Question

State whether the following statement is True or False:
‘Cost sheet tells about quality and labour efficiency of the production.’

Hint:

A cost sheet shows cost data — not quality or productivity details.

Answer 1

A cost sheet is a statement that shows various cost elements and the total cost of production and sales.
It provides detailed information about material cost, labour cost, overheads, and total cost per unit.
However, it does not measure or describe the quality of the product or the labour efficiency directly.
Such performance indicators are covered by other production and quality control reports, not by the cost sheet.
Hence, the given statement is False.