The correct answer is: B. Goodwill written off
A cost sheet is a document that shows the costs associated with producing a product or service. It is used to calculate the cost of goods sold and the gross profit margin. The costs included in a cost sheet vary depending on the industry, but they typically include direct materials, direct labor, and factory overhead.
Goodwill is an intangible asset that is created when a company acquires another company for more than the fair value of its net assets. Goodwill is not considered a cost of production because it is not directly related to the production of goods or services.
Factory cost is the total cost of producing a product or service in a factory. It includes direct materials, direct labor, and factory overhead.
Labor cost is the cost of the labor used to produce a product or service. It includes the wages paid to employees, as well as the cost of benefits such as health insurance and retirement contributions.
Selling cost is the cost of selling a product or service. It includes the cost of advertising, sales commissions, and customer service.
Therefore, the only cost that is not considered for preparation of cost sheet is goodwill written off.