Manufacturing Costing & GST
The management-accounting toolkit a steel unit, job-work factory or small manufacturer actually uses — a stock-adjusted cost sheet, overhead absorption, standard-costing variances, EOQ and break-even.
Build a cost sheet →🧱
₹0Material consumed (this sheet)
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₹0Labour & direct expenses
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₹0Total overheads
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₹0Total cost of sales
Detailed cost sheet (with stock adjustments)
Accounts for opening/closing stock of raw material, work-in-progress and finished goods, the way a real cost sheet is drawn up.
Material
Direct costs
Work-in-progress
Finished goods & margin
Overhead absorption rate
Work out a predetermined overhead rate, then check whether actual overhead was over- or under-absorbed.
Standard costing — variance analysis
Compare standard cost for the actual output achieved against what was actually incurred.
Material variance
Labour variance
Economic order quantity (EOQ)
The order size that minimises total ordering plus carrying cost.
Break-even calculator
Where fixed costs get fully covered by contribution.
Quick links
Costing tip
"A cost sheet is only as accurate as your WIP valuation — get that wrong and every figure below it drifts."
— AccountsSkill