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    Costing at Sapphire Format

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    Ali niazi
    The document contains production and cost data for different processes (cutting, stitching, inspection, packing) across five customer orders. It calculates the direct costs, overhead allocation and cost per minute for each process. It then uses this information to determine the total cost and profit for each customer order based on direct materials used, direct costs, contribution margin and allocated overhead costs.

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    Costing at Sapphire Format

    Uploaded by

    Ali niazi
    46 views18 pages
    The document contains production and cost data for different processes (cutting, stitching, inspection, packing) across five customer orders. It calculates the direct costs, overhead allocation and cost per minute for each process. It then uses this information to determine the total cost and profit for each customer order based on direct materials used, direct costs, contribution margin and allocated overhead costs.

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    Costing at sapphire

    Original Title

    Costing at Sapphire format (1)

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    The document contains production and cost data for different processes (cutting, stitching, inspection, packing) across five customer orders. It calculates the direct costs, overhead allocation and cost per minute for each process. It then uses this information to determine the total cost and profit for each customer order based on direct materials used, direct costs, contribution margin and allocated overhead costs.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    46 views18 pages

    Costing at Sapphire Format

    Uploaded by

    Ali niazi
    The document contains production and cost data for different processes (cutting, stitching, inspection, packing) across five customer orders. It calculates the direct costs, overhead allocation and cost per minute for each process. It then uses this information to determine the total cost and profit for each customer order based on direct materials used, direct costs, contribution margin and allocated overhead costs.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    of 18

    Cutting Stitching Inspection Packing

    Available Minutes 473,922 1,840,981 1,976,590 628,320


    Direct Expenses (PKR) 3,114,971 3,887,492 6,269,057 1,604,265
    Indirect Expenses (PKR) - allocated on available time
    Total Manufacturing Overhead (PKR) 3,114,971.00 3,887,492.00 6,269,057.00 1,604,265.00

    Cost per minute (PKR)

    Cutting Stitching Inspection Packing


    Available Minutes 473,922 1,840,981 1,976,590 628,320
    Direct Expenses (PKR) 3,114,971 3,887,492 6,269,057 1,604,265
    Indirect Expenses (PKR) - allocated on available time 1,891,888.10 7,349,163.04 7,890,511.73 2,508,242.14
    Total Manufacturing Overhead (PKR) 5,006,859.10 11,236,655.04 14,159,568.73 4,112,507.14

    Cost per minute (PKR) 10.56 6.1 7.16 6.55


    Total
    4,919,813
    14,875,786

    34,515,591

    Total
    4,919,813
    14,875,786
    19,639,805
    34,515,591

    7.02
    Fabric Used Sales Value
    Customer Name Order Design & Fabric Quantity (meters) (PKR)

    Multi Colored
    AS Pillow Case with Design 1,512 544 469,612
    Multi Colored
    AS Duvet Cover with Design 342 1,614 877,642

    CI Pillow Case Plain 1,400 1,834 294,063

    CD Duvet Cover Plain 200 1,048 362,702

    CI Flat Sheet Plain 340 1,105 301,650

    Fabric Used Sales Value


    Customer Name Order Design & Fabric Quantity (meters) (PKR)
    Multi Colored
    AS Pillow Case with Design 1,512 544 469,612
    Multi Colored
    AS Duvet Cover with Design 342 1,614 877,642
    CI Pillow Case Plain 1,400 1,834 294,063
    CD Duvet Cover Plain 200 1,048 362,702
    CI Flat Sheet Plain 340 1,105 301,650
    Overhead
    Direct Material Other Direct Total Direct Costs Contribution Allocation Total Cost of
    Cost (PKR) Costs (PKR) (PKR) Margin (PKR) (PKR)* Order (PKR) Profit (PKR)

    329,295 6,513

    718,730 79,612

    222,682 69,805

    292,510 3,209

    213,819 70,206

    Overhead Cost per meter: 34,515,591 29.63


    1,165,000

    Overhead
    Direct Material Other Direct Total Direct Costs Contribution Allocation Total Cost of
    Cost (PKR) Costs (PKR) (PKR) Margin (PKR) (PKR)* Order (PKR) Profit (PKR)

    329,295.15 6,513.21 335,808.36 133,803.64 16,117.15 351,925.51 117,686.49

    718,729.72 79,612.44 798,342.16 79,299.84 47,818.17 846,160.33 31,481.67


    222,681.90 69,805.05 292,486.95 1,576.05 54,336.13 346,823.08 -52,760.08
    292,509.70 3,209.24 295,718.94 66,983.06 31,049.22 326,768.16 35,933.84
    213,818.76 70,206.33 284,025.09 17,624.91 32,737.96 316,763.05 -15,113.05
    Fabric Used
    Customer Name Order Design & Fabric Quantity (meters)
    Multi Colored
    AS Pillow Case with Design 1,512 544
    Multi Colored
    AS Duvet Cover with Design 342 1,614

    CI Pillow Case Plain 1,400 1,834

    CD Duvet Cover Plain 200 1,048

    CI Flat Sheet Plain 340 1,105

    Customer Name Order Design & Fabric Cutting (mins) Stitching (mins)
    Multi Colored
    AS Pillow Case with Design 0.60 3.00
    Multi Colored
    AS Duvet Cover with Design 1.00 4.00
    CI Pillow Case Plain 0.40 2.00
    CD Duvet Cover Plain 0.80 2.70
    CI Flat Sheet Plain 0.50 0.50

    ** Cost per minute (PKR)


    Fabric Used
    Customer Name Order Design & Fabric Quantity (meters)
    Multi Colored
    AS Pillow Case with Design 1,512 544
    Multi Colored
    AS Duvet Cover with Design 342 1,614
    CI Pillow Case Plain 1,400 1,834
    CD Duvet Cover Plain 200 1,048
    CI Flat Sheet Plain 340 1,105

    Customer Name Order Design & Fabric Cutting (mins) Stitching (mins)
    Multi Colored
    AS Pillow Case with Design 0.60 3.00
    Multi Colored
    AS Duvet Cover with Design 1.00 4.00
    CI Pillow Case Plain 0.40 2.00
    CD Duvet Cover Plain 0.80 2.70
    CI Flat Sheet Plain 0.50 0.50

    ** Cost per minute (PKR) 10.56 6.1


    Sales Value Total Direct Contribution Overhead Allocation Total Cost of
    (PKR) Costs (PKR) Margin (PKR) (PKR)* Order (PKR)

    469,612 335,808.36 133,803.64

    877,642 798,342.16 79,299.84

    294,063 292,486.95 1,576.05

    362,702 295,718.94 66,983.06

    301,650 284,025.09 17,624.91

    Overhead
    Allocation (per
    Inspection (mins) Packing (mins) piece)**

    0.80 0.60

    1.20 1.10
    1.00 1.00
    1.10 1.10
    0.80 1.00
    Sales Value Total Direct Contribution Overhead Allocation Total Cost of
    (PKR) Costs (PKR) Margin (PKR) (PKR)* Order (PKR)

    469,612 335,808.36 133,803.64 51,873.34 387,681.70

    877,642 798,342.16 79,299.84 17,365.17 815,707.33


    294,063 292,486.95 1,576.05 42,198.83 334,685.77
    362,702 295,718.94 66,983.06 8,002.27 303,721.21
    301,650 284,025.09 17,624.91 7,007.51 291,032.60

    Overhead
    Allocation (per
    Inspection (mins) Packing (mins) piece)**

    0.80 0.60 34.31 34.29

    1.20 1.10 50.78


    1.00 1.00 30.14
    1.10 1.10 40.01
    0.80 1.00 20.61

    7.16 6.55
    Profit (PKR)
    Profit (PKR)

    81,930.30

    61,934.67
    -40,622.77
    58,980.79
    10,617.40
    Fabric Used
    Customer Name Order Design & Fabric Quantity (meters)
    Multi Colored
    AS Pillow Case with Design 1,512 544
    Multi Colored
    AS Duvet Cover with Design 342 1,614

    CI Pillow Case Plain 1,400 1,834

    CD Duvet Cover Plain 200 1,048

    CI Flat Sheet Plain 340 1,105

    Customer Name Order Design & Fabric Cutting (mins) Stitching (mins)
    Multi Colored
    AS Pillow Case with Design 0.60 3.00
    Multi Colored
    AS Duvet Cover with Design 1.00 4.00
    CI Pillow Case Plain 0.40 2.00
    CD Duvet Cover Plain 0.80 2.70
    CI Flat Sheet Plain 0.50 0.50

    ** Cost per minute (PKR)

    Cost per minute (PKR)


    - adjusted for efficiency
    AS
    CD
    CI
    Fabric Used
    Customer Name Order Design & Fabric Quantity (meters)
    Multi Colored
    AS Pillow Case with Design 1,512 544
    Multi Colored
    AS Duvet Cover with Design 342 1,614
    CI Pillow Case Plain 1,400 1,834
    CD Duvet Cover Plain 200 1,048
    CI Flat Sheet Plain 340 1,105

    Customer Name Order Design & Fabric Cutting (mins) Stitching (mins)
    Multi Colored
    AS Pillow Case with Design 0.60 3.00
    Multi Colored
    AS Duvet Cover with Design 1.00 4.00
    CI Pillow Case Plain 0.40 2.00
    CD Duvet Cover Plain 0.80 2.70
    CI Flat Sheet Plain 0.50 0.50

    ** Cost per minute (PKR) 10.56 6.1

    *
    Customer Name Order Design & Fabric Cutting (mins) Stitching (mins)
    AS Pillow Case Multi Colored with Design 0.6 3
    AS Duvet Cover Multi Colored with Design 1 4
    CI Pillow Case Plain 0.4 2
    CD Duvet Cover Plain 0.8 2.7
    CI Flat Sheet Plain 0.5 0.5

    Cost per minute (PKR) 10.56 6.1


    Cost per minute (PKR)
    ** - adjusted for efficiency
    AS 21.56 9.84
    CD 23.48 9.25
    CI 14.47 8.48
    Sales Value Total Direct Contribution Overhead Allocation Total Cost of
    (PKR) Costs (PKR) Margin (PKR) (PKR)* Order (PKR)

    469,612 335,808.36 133,803.64

    877,642 798,342.16 79,299.84

    294,063 292,486.95 1,576.05

    362,702 295,718.94 66,983.06

    301,650 284,025.09 17,624.91

    Overhead
    Allocation (per
    Inspection (mins) Packing (mins) piece)**

    0.80 0.60

    1.20 1.10
    1.00 1.00
    1.10 1.10
    0.80 1.00
    Sales Value Total Direct Contribution Overhead Allocation Total Cost of
    (PKR) Costs (PKR) Margin (PKR) (PKR)* Order (PKR)

    469,612 335,808.36 133,803.64 51,873.34 387,681.70

    877,642 798,342.16 79,299.84 17,365.17 815,707.33


    294,063 292,486.95 1,576.05 42,198.83 334,685.77
    362,702 295,718.94 66,983.06 8,002.27 303,721.21
    301,650 284,025.09 17,624.91 7,007.51 291,032.60

    Overhead
    Allocation (per
    Inspection (mins) Packing (mins) piece)**

    0.80 0.60 34.31 34.29

    1.20 1.10 50.78


    1.00 1.00 30.14
    1.10 1.10 40.01
    0.80 1.00 20.61

    7.16 6.55

    Inspection (mins) Packing (mins)Overhead Allocation (per piece)**


    0.8 0.6 59.43
    1.2 1.1 88.85
    1 1 45.08
    1.1 1.1 80.26
    0.8 1 31.3

    7.16 6.55

    11.94 12.35
    21.07 12.12
    12.57 9.77 as per Exhibit 8
    Profit (PKR)
    Profit (PKR)

    81,930.30

    61,934.67
    -40,622.77
    58,980.79
    10,617.40

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