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Cost Sheet Format

This document outlines a cost sheet format with sections for direct materials, direct wages, direct expenses, factory overheads, works cost, quality control cost, R&D cost, administration overheads, office and administrative overheads, cost of production, finished goods, cost of goods sold, selling and distribution overheads, cost of sales, profit/loss, and sales. It includes line items for raw material purchases and consumption, labor costs, factory expenses like rent and utilities, work in progress, quality control, research and development, office expenses, and selling expenses.

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Roshni Morye
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Download as DOCX, PDF, TXT or read online on Scribd
942 views

Cost Sheet Format

This document outlines a cost sheet format with sections for direct materials, direct wages, direct expenses, factory overheads, works cost, quality control cost, R&D cost, administration overheads, office and administrative overheads, cost of production, finished goods, cost of goods sold, selling and distribution overheads, cost of sales, profit/loss, and sales. It includes line items for raw material purchases and consumption, labor costs, factory expenses like rent and utilities, work in progress, quality control, research and development, office expenses, and selling expenses.

Uploaded by

Roshni Morye
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COST SHEET – FORMAT

Particulars Amoun Amount


t
A) Direct Material ***
Opening Stock of Raw Material ***
Add: Purchase of Raw materials ***
Add: Purchase Expenses ***
Add: Carriage inwards ***
Less: Closing stock of Raw Materials ***
Raw Materials Consumed ***
B) Direct Wages (Labour) ***
C) Direct Expenses
D) Prime cost ( A+B+C) ***
Add :- Factory Overheads/ Works overheads:
Factory Rent ***
Factory Power and fuel ***
Factory lighting & heating ***
Repairs and maintenance ***
Cost of research and experiment ***
Cleaning ***
Indirect Material ***
Loose tools ***
Indirect Wages ***
Work Manager Salary ***
Drawing Office Salary ***
Factory Insurance ***
Factory Asset Depreciation ***
E)Total Works overheads ***
F) Less Sale of scrap ***
G) Work in Progress
Add: Opening Stock of WIP ***
Less: Closing Stock of WIP ***
H) Works cost (D+E- F+G) ***
I) Quality Control Cost ***
J)R&D Cost ***
Add:- Administration Overheads:-
Office Rent ***
Salaries ***
Office lighting ***
Depreciation of office furniture and equipments ***
Insurance of office furniture and equipments ***
Telephone and postage ***
Printing and stationary ***
Legal expenses ***
General Charges ***
Audit Fees ***
Bank Charges ***
Counting house Salary ***
Other Office Expenses ***
K) Total Office & Administrative Overheads ***
L) Cost of Production (H+I+J+K) ***
M) Finished Goods
Add: Opening stock of Finished Goods ***
Less: Closing stock of Finished Goods *** ***
N) Cost of Goods Sold (L+M) ***
Add:- Selling and Distribution Overheads:-
Sales man Commission and salaries ***
Showroom rent ***
Sales man salary ***
Traveling Expenses ***
Advertisement ***
Delivery van expenses ***
Sales Tax ***
Bad Debts ***
Debt collection expenses ***
Carriage freight outwards ***
Sample and free gifts ***
O) Total Selling Overheads ***
P) Cost of Sales (N+O) ***
Q) (+) Profit/ (-) Loss ***
R) Sales (P + / - Q) ***

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