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 enumerates production and sales cost components and their aggregate sum.
It details material, labor, and overhead costs, along with the cost per unit.
However, it omits direct measurement or description of product quality or labor efficiency.
These performance metrics are addressed in separate production and quality control reports, not within the cost sheet.
Consequently, the assertion is False.