Solved example of Cost Sheet

SPECIMEN OF COST SHEET:
DIRECT MATERIALS
Opening Stock of Raw Material
Add Purchases
Add Carriage Inward
Less: Closing Stock of Raw Material
DIRECT MATERIALS CONSUMED
ADD DIRECT WAGES
ADD DIRECT EXPENSES

PRIME COST
ADD WORKS/FACTORY OVERHEADS
Indirect Material
Indirect Wages
Factory Rent
Factory Maintenance
Factory Power
Factory Insurance
Factory manager Salary
Factory Expenses (Miscellaneous)
Add Opening WIP
Less Closing WIP
TOTAL WORKS COST/FACTORY COST
Add Office and Administration Overheads
Office Rent
Office Maintenance
Office Power
Office Insurance
Office Manager Salary
Office Stationery
Office Postage
Office Internet
Legal Charges
Office Depreciation
Bank Charges
Office Expenses (Miscellaneous)
TOTAL COST OF PRODUCTION
Add Opening Stock of Finished Goods
Less Closing Stock of Finished Goods
COST OF PRODUCTION
Add Selling and Distribution Overheads
Showroom Rent
Sales staff Salaries
Sales Office Rent
Sales Office Depreciation
TravelExpense
Carriage Outward
Warehouse Rent
Van Expenses
Advertisement
Sales Manager's Salary
Free Gifts
COST OF SALES
PROFIT/LOSS
SALES



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