Specimen of Cost Sheet

Specimen of Cost Sheet Cost sheet for the period________________________ Production__________________________Units Particulars Direct Materials: Opening Stock Purchases Carriage inwards Less: Closing Stock Less: Scrap Direct Material Consumed Direct Wages Direct Expenses Prime Cost Add: Factory Overheads Indirect Material Loose Tools Indirect Wages Rent and rates (Factory) Lighting & Heating (Factory) Power and Fuel Repairing and maintenance Cleaning Cost of Research and experiments Depreciation of Factory plant Works Stationery Welfare service expenses Insurance-Fixed Assets Insurance-Stock of Finished Goods Works manager’s salaries Factory or Works Cost Add: Opening stock of WIP Less: Closing stock of WIP

Total Cost (Rs)

Cost per Unit (Rs)

Net Factory or Works Cost Add: Office & Administrative O/H Rent & Rates Salaries Lighting & Heating Insurance of office building & office equipment Telephone & Postages Printing and Stationery Depreciation Of furniture & office equipment Legal Expenses Audit Fees Bank Charges Cost of production Add: Opening stock of Finished Goods Less: Closing stock of Finished Goods Cost of Goods Sold Add: Selling & Dist. O/H Showroom rent and rates Lighting & Heating Salesmen’s salaries Commission Travelling expenses of salesmen Sales printing and stationery Advertisement Bad debts Postage Depreciation and expenses on delivery van Debt collection expenses Carriage and freight o/w Samples and other free gifts Cost of Sales Net Profit / (Loss) Sales