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) ***