Name some reports issued by the Cost Accounting Department of a Big Manufacturing Company for the use of its executives

Examples of some of the reports issued from Cost Accounting Department to executives are:

  • Cost sheets
  • Statement of material consumption
  • Statement of labour utilization
  • Statement of Variance analysis –actual vs planned figures
  • Overheads incurred compared with budgets
  • Sales effected compared with budgets
  • Reconciliation of actual profit with estimated profit
  • The total cost of inventory carried
  • The total cost of abnormally spoiled work in factory and abnormal losses in stores
  • Labour  turnover statements
  • Expenses incurred on research and development compared with budgeted figures

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