Cost Sheet Format

Particular Amount Amount

Direct Material XXX
Direct Labour/Wages XXX
Direct Expenses XXX
Prime Cost XXXX
Add: Factory/Work Overheads XXX
Factory Cost / Work Cost XXXX
Add: Office/Administration Overheads xxx
Cost of Production XXXX
Add: Selling and Distribution OH xxx
Cost of Sales XXXX
Profit xxx
Sales/Selling Price XXXX
 Factory Overheads Office Overheads
Consumable Stores Manager Salary
Grease Office Staff Salary
Oil, Lubricant expenses Postage
Unproductive Wages Office Rent, Rates and Insurance
Salary to factory supervisor General expenses of the office
Salary to factory Staff
Factory Rent Selling and Distribution OH
Depreciation on machinery Salesman salary
Repair and maintenance Commission on sales
Factory heating and lighting Travelling Expenses
Carriages Outward
Discount Allowed
Dep on Vechile
Bad Debt
Advertisement
Rent of Warehouse
Other expenses on sales department
Compute the prime cost from the following information
Rs
Material Consumed 40,000
Direct wages 30,000
Direct Expenses 20,000

Statement of prime cost

Direct Material 40,000
Direct Wages 30,000
Direct Expenses 20,000
Prime cost 90,000

Claculate Factory Cost from the following information Particulars Amount

Direct Wages 3000 Direct Wages 3000
Consumabe stores 1500 Direct Expenses 2000
Direct expenses 2000 Direct Material 7000
Unproductive Wages 1800 Prime Cost 12000
Depreciation on Machinery 750 Add: Factory/Work OH
Salesman salary 5000 Consumable Stores 1500
Direct Material 7000 Unproductive Wages 1800
Grease 500 Dep on Machine 750
Salary to factory Staff 1200 Grease 500
Rent to Office 3000 Salary to Factory Staff 1200
Rent of Factory 900 Rent of Factory 900
Machine Maintenance 600 Machine Maintenance 600
Repairs of Machine 550 Repairs of Machine 550
Factory Cost 19800

Compute Total Cost From the following information Particular Amount

Direct Material 45000 Direct Material 45000
Factory OH 18000 Direct Labour 25000
Adminitrative OH 16000 Direct Expenses 15000
Direct Wages 25000 Prime Cost 85000
Discount 800 Add: Factory/Work OH 18000
Direct Expenses 15000 Factory Cost 103000
Depreciation on delivery van 4000 Add: Office OH 16000
Bad Debts 600 Cost of Production 119000
Advertisement 1400 Add: Selling & Dist OH
Rent of Warehouse 4100 Discount 800
Sale dept expenes 900 Depreciation on Delivery Van 4000
Commission 1200 Bad Debts 600
Advertisement 1400
Rent of warehouse 4100
Sale dept expenses 900
 Commission 1200
Cost of Sales/Total Cost 132000

Prepare Cost sheet Particular Amount

Selling & Ditribution OH 2000 Direct Material 10000
Factory OH 3000 Direct Wages 12000
Administration OH 4000 Direct Expenses 6000
Profit 1500 Prime Cost 28000
Direct Material 10000 Factory OH 3000
Direct Wages 12000 Factory Cost 31000
Direct Expenses 6000 Administration OH 4000
Cost of Production 35000
Selling & Distribution OH 2000
Cost of Sale 37000
Profit 1500
Sales 38500