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KCT BUSINESS SCHOOL

DEPARTMENT OF MANAGEMENT STUDIES

KUMARAGURU COLLEGE OF TECHNOLOGY (Autonomous)


Coimbatore

A.SENTHIL KUMAR
Faculty-Finance

MBA619 FINANCIAL COST AND MANAGEMENT ACCOUNTING


Cost Sheet Format

PROFORMA COST SHEET OF FOR THE MONTH / YEAR OF

Pariculars
Opening Stock of Raw Materials
Add: Purchase of Raw Materials
Less: Purchase Returns
Less: Closing Stock of Raw
Materials
Direct Materials Consumed
Carriage inwards
Any other purchase expenses
Direct Wages
Add: Outstanding, if any
Direct Expenses:
Excise Duty
Copy Right
PRIME COST
ADD: FACTORY OVERHAEADS
Foremans Salary
Factory, Rent, Lighting
Gas, Water
Repairs & Maintenance (factory)
Depreciation on Plant & Machinery
Motive Power
Oil, Grease, Consumables
Factory rates and taxes
Indirect wages and any other
expenses relation to manufacturing
(or) factory
FACTORY OVERHEADS
GROSS WORKS COST
(Prime Cost + Factory o/h)
Add: Opening Stock of WIP
Less: Closing Stock of WIP
NET WORKS COST
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Amount Total
Rs.
Cost Rs.
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xxxx

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Cost per
Unit Rs. P.

KCT BUSINESS SCHOOL

DEPARTMENT OF MANAGEMENT STUDIES

KUMARAGURU COLLEGE OF TECHNOLOGY (Autonomous)


Coimbatore

A.SENTHIL KUMAR
Faculty-Finance

MBA619 FINANCIAL COST AND MANAGEMENT ACCOUNTING


Cost Sheet Format

ADD: OFFICE & ADMINISTRATIVE


O/H:
Office rent, rates & taxes
Office lighting
Repairs (office)
Depreciation(office, furniture,
building,.)
Printing & Stationary
Postage & telegrams
Telephone charges
Insurance (office)
Managers salary
Directors fees
COST OF PRODUCTION
(WC + Office & Admn O/H)
Add: Opening Stock of F.G.
Less: Closing Stock of F.G.
COST OF GOODS SOLD

xxxx
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ADD: SELLING & DISTRIBUTION


EXPENSES:
Carriage outwards
Salemans salary or commn
Travelling expenses
Advt & other SP Expenses
Bad Debts
Discount (Qty only) allowed
Warehouse expenses
COST OF SALES
(CGS + S&D EXP)
Add: Profit or Loss
(Sales CoS) or (Sales*% of profit) or
[CoS * {% of profit/(100-% of profit)}]
SALES

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Important Note: Items that are charged against profit only should be included in the
cost sheet. Items that are distribution from profit, pure financial items, and items
relating to capital, for eg., income tax, dividends, cash discount, abnormal wastages,
profit or loss on sale of assets, goodwill or preliminary exprnses written off, expenses or
loss on issue of capital should not be included in the cost sheet.
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