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  • Cost Sheet Analysis: Aparna Parmar Damini Baijal Shambhawi Sinha

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    The document provides a cost sheet analysis for the years 2010 and 2011. It includes: 1) A breakdown of total costs, cost per unit, and profit percentages for 2010 and 2011 showing increases from 2010 to 2011 in number of units, total costs, and cost per unit. 2) Calculations showing how costs were determined for 2011 including material costs, factory overheads, and profit percentage. 3) A breakdown of costs for jeans, skirts, and handbags for the year including material consumed, direct labor, factory costs, office costs, opening and closing finished stock, cost of goods sold, and selling costs.

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    The document provides a cost sheet analysis for the years 2010 and 2011. It includes: 1) A breakdown of total costs, cost per unit, and profit percentages for 2010 and 2011 showing increases from 2010 to 2011 in number of units, total costs, and cost per unit. 2) Calculations showing how costs were determined for 2011 including material costs, factory overheads, and profit percentage. 3) A breakdown of costs for jeans, skirts, and handbags for the year including material consumed, direct labor, factory costs, office costs, opening and closing finished stock, cost of goods sold, and selling costs.

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    71 views7 pages

    Cost Sheet Analysis: Aparna Parmar Damini Baijal Shambhawi Sinha

    Uploaded by

    Shambhawi Sinha
    The document provides a cost sheet analysis for the years 2010 and 2011. It includes: 1) A breakdown of total costs, cost per unit, and profit percentages for 2010 and 2011 showing increases from 2010 to 2011 in number of units, total costs, and cost per unit. 2) Calculations showing how costs were determined for 2011 including material costs, factory overheads, and profit percentage. 3) A breakdown of costs for jeans, skirts, and handbags for the year including material consumed, direct labor, factory costs, office costs, opening and closing finished stock, cost of goods sold, and selling costs.

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    Cost Sheet Analysis

    Aparna Parmar
    Damini Baijal
    Shambhawi Sinha
    PART-A

    Particulars 31st March, 2010 31st, March, 2011


    Number of Units 1500000 units 2000000 units
           
      Total Cost Cost per unit Total Cost Cost per unit
      (in 000s) (in Rs.) (in 000s) (in Rs.)
    Direct Materials 330000 220 396000 198
    Direct Wages 270000 180 288000 144
    Prime Cost 600000 400 684000 342
    Factory overheads 325000 216.667 418333.333 209.167
    Works Cost 925000 616.667 1102333.33 551.167
    Administration        
    overheads 205000 136.667 123000 61.50
    Cost of
    production 1130000 753.333 1225333.33 612.667
    Sales Overheads 90000 60 120000 60
    Cost of sales 1220000 813.333 1345333.333 672.667
    Profit 280000 186.667 195182.667 97.59
    Sales 1500000 1000 1540516 770.25
           
     0.18667  0.1267
     Profit on sales ( %)  
    Calculations
     Material : 20% * 330000 = 66000
    Cost : (100-25)% * 220 = Rs.165
    Total material cost = 165*2000 + 66000
    = Rs.396000
     Factory Overheads : Fixed cost is 45,000
    Variable Cost : 3,25,000 – 45,000 = Rs.2,80,000
    VC per unit : 280000/1500 = Rs.186.67
    Total factory Overheads : Fixed cost + Variable cost
    = 45000 + 186.666(2000) = 45000 + 373332 = Rs.418332
     Profit on sales (%) for 2017 = 0.12666
    Profit = 0.1266* Sales
     Cost of Sales + Profit = Sales
    1345333.33 + 0.1266* Sales = Sales
    0.8733 * Sales = 1345333.33
    Sales = Rs.1540516
    PART-B

      Particulars Jeans Skirts Handbags


    Material Consumed            
      Stock on 1st April 200000  ……… ………
    Add: Purchases during the year 600000  300000  100000 
        800000  300000  100000 
    Add: Carriage on purchases 12000  6000  2000 
        812000  306000  102000 
    Less: Stock on 31st March 150000  75000  25000 
        662000  231000  77000 
    Less: Sale of Material 25000 637000 - 231000 - 77000
    Direct Labour (productive
    wages) 300000 120000 180000
    PRIME COST 937000 351000 257000
    Works Overheads:            
      Salaries (Factory) 15350  10000  5000 
      Repairs of plant, machinery 8000  4000  1600 
      Rent, rates, insurance            
      (factory) 12000  6000  2000 
      Depreciation on plant etc. 9000  3000  2000 
      Dyeing and water charges            
      (factory) 3000  1500  500 
      Manager's salary            
      (40/48*18000) 10000  6900  5000 
        57350  31400  16100 
    Add: Opening Work-in-progress 100000  ………   ………  
        157350  31400  16100 
    Less: Closing Work-in-progress 35000 122350 10000 21400 5000 11100
    WORKS COST/FACTORY
    COST   1059350  372400  268100
                 
    Office and Admin Overheads            
      Office Salaries 25000  15000  5000 
      Rent, rates, taxes etc. 2000  700  300 
      Depreciation of office            
      furniture 1800  400  200 
      Director's fees 15000  7000  3000 
      Gas and water charges            
      (office) 850  300  100 
      General charges 12750  5000  3000 
      Manager's Salary 8000 65400 5000 33400 2000 13600
    COST OF PRODUCTION   1124750  405800  281700
    Add: Opening stock of finished
    stock   350000  ………   ………
          1474750  4105800  281700
    Less: Closing stock of finished
    stock   450000  200000  120000
    COST OF GOODS SOLD   1024750  205800  161700
    Selling and distribution
    overheads            
      Advertising 28000  21000  8750 
      Carriage on sales 13000  5000  2000 
      Travelling expenses 7000  5000  3000 
      Traveller's salaries and            
      commission 20000 68000 13000 44000 7000 20750
    TOTAL COST/ COST OF SALES  1092750  249800  182450
    THANK YOU

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