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Material Cost: This is the cost of material or the commodity used by the organisation for its production purpose….Labour Cost: This is the cost, incurred in the form of remuneration paid…
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Overheads are the aggregate of Indirect Material cost, Indirect Labour and Indirect Expenses….
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Factory Overheads : are the overheads which are incurred from the stage... Office and Admin overheads : are the overheads incurred for the overall administrative work...Selling and Distribution Overheads : are the overheads incurred from the stage of final manufacturing...
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Gross Profit is a company’s revenue minus its cost of goods sold. It is also known as gross margin …
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Net Profit/ Operating Profit Net profit, also known as operating profit is actual earnings of the company…
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