General Format of Cost Sheet is as Follows.
COST SHEET – FORMAT
Particulars
|
Amount
|
Amount
|
Opening Stock of Raw Material
Add: Purchase of Raw materials
Add: Purchase Expenses
Less: Closing stock of Raw Materials
Raw
Materials Consumed
Direct
Wages (Labour)
Direct
Charges
|
***
***
***
***
***
***
***
|
|
Prime cost (1)
|
***
|
|
Add :- Factory Over Heads:
Factory
Rent
Factory
Power
Indirect
Material
Indirect
Wages
Supervisor
Salary
Drawing
Office Salary
Factory
Insurance
Factory
Asset Depreciation
|
***
***
***
***
***
***
***
***
|
|
Works cost Incurred
|
***
|
|
Add: Opening Stock of WIP
Less: Closing Stock of WIP
|
***
***
|
|
Works cost (2)
|
***
|
|
Add:- Administration Over Heads:-
Office
Rent
Asset
Depreciation
General
Charges
Audit
Fees
Bank
Charges
Counting
house Salary
Other
Office Expenses
|
***
***
***
***
***
***
***
|
|
Cost of Production (3)
|
***
|
|
Add: Opening stock of Finished Goods
Less: Closing stock of Finished Goods
|
***
***
|
|
Cost of Goods Sold
|
***
|
|
Add:- Selling and Distribution OH:-
Sales man
Commission
Sales man
salary
Traveling
Expenses
Advertisement
Delivery
man expenses
Sales
Tax
Bad
Debts
|
***
***
***
***
***
***
***
|
|
Cost of Sales (5)
|
***
|
|
Profit (balancing figure)
|
***
|
|
Sales
|
***
|
Notes:-
1) Factory Over Heads are recovered as a percentage of
direct wages
2) Administration Over Heads, Selling and Distribution
Overheads are recovered as a percentage of works cost.
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