What is a costing sheet?

Question

In accounting - what is a costing sheet

Answer 1

It can mean different things to different people, but generally it's a collection of costs and expenses all in 1 place, including direct and indirect costs, fixed and variable, and it can apply overhead rates to overhead activity. It is also used as an estimate of how much a product will cost to manufacture. It can also be the basis to compare actual to estimated costs. However take a look at the link below. It's a costing sheet to be completed for importing of goods into South Africa. For that purpose, it's a collection of costs involved in the import, including cost of goods as well as shipping costs.