Cost Sheet

Particulars Amount
Direct Material's Cost
Raw material consumed $ 80,000
Chargeable expense $ 4,000
Wages paid to labourers $ 20,000
PRIME COST
Factory Overheads
Wages of Foremen $ 2,000
Electric Power $ 400
Rent: Factory $ 4,000
Plant & Machinery $ 400

NET FACTORY COST

Office and Administration Overheads
Rent: Office $ 2,000
Office Premises $ 1,000
COST OF PRODUCTION
Selling & Distribution Overheads

COST OF SALES
Calculate the Prime cost, Factory cost, Total cost of production and Cost of
sales from the following particulars

Particulars Amount Particulars Amount

Raw material consumed $ 80,000 Wages paid to labourers $ 20,000
Chargeable expense $ 4,000 Oil & Lubricants $ 200
Wages of Foremen $ 2,000 Storekeeper's Wages $ 1,000
Electric Power $ 400 Lighting: Factory $ 1,000
Rent: Factory $ 4,000 Lighting: Office $ 400
Rent: Office $ 2,000 Repair & Renewals:
Depreciation: Factory Palnt $ 1,000
Office Premises $ 1,000 Machinery $ 2,000
Plant & Machinery $ 400 Office Premises $ 400
Consumable stores $ 2,000 Manager's Salary $ 4,000
Telephone Charges $ 100 Office Printing & Stationary $ 400
Director's Salary $ 1,000 Postage & Telegram $ 200
Salesmen's Comission $ 1,000 Travelling for sales $ 400
Advertising $ 400 Warehouse Charges $ 400
Carriage outwards $ 300 Free Samples $ 600