what is a cost statement for
A direct cost statement is a cost statement that includes only those expenses that relate directly to the implementation of a project, such as the cost of labor and materials. A full cost statement, on the other hand, considers all costs associated with a particular venture, such as environmental or social expenses.ull Cost Statement. When a business plans a new venture, such as a construction project, a cost statement is an essential tool. Businesses use cost statements to analyze their options and determine the best course of action for new projects.