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



Comments

Post a Comment

Popular posts from this blog

Work certified and uncertified

Meaning of Work Certified  When contractor takes the contract to complete any construction work, it may complete in 4 or 5 years. but contractor has to pay different expenses for material, labor and others. So, it is very necessary to pay him some money of contract. This money is given on the basis of work done. So, any part of construction which is completed by contractor will be work certified if it is certified by an authority. Authority may be independent engineer or architect who can estimated the work. He will issue the certificate of work done after certifying the work of construction. On this work certified, contractor has right to get money of contract. Meaning of Work Uncertified Work uncertified means work done but not certified by authority. So, contractee will cut some money on the basis of work uncertified and will keep in his pocket. This will be retention money. Accounting Treatment of Work Certified and Work Uncertified  (I) Work  certified...
Read more

factors influencing choice of advertising agency

The Advertiser looks for an advertising agency whose services and expertise meets his requirements. Following factors should be considered while selecting an advertising agency:- Services offered by Ad-agency  - There are different agencies provides different services, some provides all the services, some provide selected services, some provides only media services. It depends on the requirement of advertiser whether he need a fulls service agency, creative boutique, media buying service agency, or a  sweet shop . Experience of Agency  - An experienced agency performs better then a new agency  because it is familiar with different components of marketing environment like- competitors' policies, taste of consumer, income of consumer, consumer responses, fashions and trends, reputation of different media etc. Location  - A major factor to be considered while selecting ad-agency is location of office of agency. A considerable amou...
Read more

Environment of International Marketing

Image
Apple is so successful because of their effective marketing efforts. They are good in identifying relevant environmental factors and trends which helps in taking advantage of opportunities and minimising threats.  New technological developments, global economic conditions, worldwide population changes, increased competition, legislative requirements, and political events are some of the factors affecting current and future marketing activities of the organisations around the world. Combination of such factors makes the International Marketing Environment. The long term performance of any organisation depends on its ability to identify and respond effectively to the key changes in its marketing environment.  Meaning of International Marketing Environment  International Marketing Environment is the combination of various factors external to an organisation that can affect the international marketing decisions of the organisation in international market. These fac...
Read more