The cost sheet provides a summary of:a.Fixed costsb.Variable costsc.Direct costsd.All costs associated with a product or serviceClear my choice

The cost sheet provides a comprehensive overview of various costs associated with a product or service. Here's a breakdown of each type of cost mentioned:

1. Fixed Costs: These are costs that do not change with the level of production or sales. Examples include rent, salaries, and equipment costs that remain constant regardless of the company's output.

2. Variable Costs: These costs fluctuate with the level of production. They vary directly with the output of goods or services. Examples include materials, labor, and other expenses that increase as production rises.

3. Direct Costs: These costs can be directly attributed to the production of a specific product or service. They include raw materials and direct labor costs that are incurred when producing goods.

4. All Costs: The cost sheet may also summarize all costs, providing a total picture of both fixed and variable costs, as well as distinguishing between direct and indirect costs.

Overall, a cost sheet is essential for understanding the financial aspects of producing goods or services, allowing businesses to analyze profitability and make informed financial decisions.