Format
| Standard Cost CardNo … … … …Product… … … …Date of setting Standard… … … … | |||
| Element of Cost | Quantity of Hours | Rate Rs. | Standard Cost |
| 1. Direct MaterialMaterial AMaterial B | 400 units100 units | 5.004.00 | 2,000400 |
| 500 units | 2,400 | ||
| Less: Normal Loss 5% | 25 units | Scrap Value | 400 |
| Normal Output | 475 units | 2,000 | |
| 2. Direct Labour | 100 hrs | 20 | 200 |
| 3. Overheads |