Particulars

Opening Stock Of Raw Materials xxx

Add: Purchase Of Raw Materials xxx
Purchase Expenses xxx
Less: Closing Stock Of Raw Materials xxx
Defective Materials Returned xxx
I. Raw material Consumed xxx
II. Add: Direct Labor xxx
Factory Wages, Productive Wages xxx
Less: Abnormal Idle Time xxx
III. Add: Direct Expenses
Excise Duty xxx
Royalty paid on production Basis xxx
Hire Charges on Special plant xxx
A-Prime Cost xxx
IV. Works overheads:
Power xxx
Factory Supervision xxx
Stores xxx
Depreciation xxx
Factory Expenses Etc. xxx
Less : Sales of scrap xxx
Cost of Operation xxx
Add: Opening Stock of Work in Progress xxx
Less: Closing Stock Of Work in Progress xxx
B- Factory Cost or Works Cost xxx
V. Office Overheads
Printing & stationery xxx
Office Salary xxx
Conveyance xxx
Electricity Bills xxx
Legal Expenses xxx
Postage etc. xxx
C. Cost Of Production xxx
Add: Opening Stock of Finished Goods xxx
Less: Closing Stock of Finished Goods xxx
D. Cost Of Goods Sold xxx
VI. Selling & Distribution Overheads
Travelling xxx
Warehouse Expenses xxx
Salary of Sales Manager xxx
Commission xxx
Advertising Expenses xxx
Delivery Charges xxx
E. Cost Of Sales xxx
Profit xxx
F. Sales xxx
Non Cost Items which never appearing in the Cost Sheet:
Abnormal Wastage All abnormal Losses & Expenses
Wages for Abnormal Idle Time Bonus to director
Charity & Donation Any capital expenditure
Capital profit & losses Dividend or Interest received & paid
Penalties/fines/ Damage paid Formation of Share
Debenture Interest Forfeiture of share
Preliminary expense written off Goodwill Written off
Wealth tax Sales tax
Share Capital Interest on capital loan
Provision for income tax Loss due to fire /Strike etc.
Partners’ Drawing & Salary Royalties Received
Returnable packing materials Share Transfer Fees
Cash Discount Allowed / Received Transfer fees
Under Writing commission w/off Abnormal bad debt
Loss due to natural Calamities Purchase of Assets
Deferred expenses Sinking Fund
Statutory Fund Proprietor’s Drawing
Income Tax Paid Advance Payment of income tax
Cost Sheet:
mal Losses & Expenses

tal expenditure
or Interest received & paid

Written off

on capital loan
to fire /Strike etc.

or’s Drawing
Payment of income tax
 Particulars
Opening Stock Of Raw Materials 62,800
Add: Purchase Of Raw Materials 185,000
Purchase Expenses 7,150
Less: Closing Stock Of Raw Materials - 48,000.00
Defective Materials Returned
I. Raw material Consumed 206,950
II. Add: Direct Labor
Factory Wages, Productive Wages 126,000
Less: Abnormal Idle Time
III. Add: Direct Expenses
Excise Duty
Royalty paid on production Basis
Hire Charges on Special plant
A-Prime Cost 332,950
IV. Works overheads:
Power 1,200
Factory Supervision 6,000
Stores
Depreciation 6,800
Factory Expenses Etc. 4,450
Rent 8,500
Traveler's salaries 7,700
Less : Sales of scrap
Cost of Operation 367,600
Add: Opening Stock of Work in Progress
Less: Closing Stock Of Work in Progress
B- Factory Cost or Works Cost 367,600 -
V. Office Overheads
Printing & stationery
Office Salary 19,100
Conveyance
Electricity Bills
Legal Expenses
Postage etc.
Power 400
Depreciation on Furniture -
Rent 2,000
General Exp 3,400
C. Cost Of Production 392,500
Add: Opening Stock of Finished Goods
Less: Closing Stock of Finished Goods
D. Cost Of Goods Sold 392,500
VI. Selling & Distribution Overheads
Travelling 2,100
Warehouse Expenses
Salary of Sales Manager 10,000
Director's Fees -
Commission
Advertising Expenses
Delivery Charges 4,300
Bad Debt 6,500
E. Cost Of Sales 415,400 -
Profit 45,700
F. Sales 461,100
Non Cost Items which never appearing in the Cost Sheet:
Abnormal Wastage All abnormal Losses & Expenses
Wages for Abnormal Idle Time Bonus to director
Charity & Donation Any capital expenditure
Capital profit & losses Dividend or Interest received & paid
Penalties/fines/ Damage paid Formation of Share
Debenture Interest Forfeiture of share
Preliminary expense written off Goodwill Written off
Wealth tax Sales tax
Share Capital Interest on capital loan
Provision for income tax Loss due to fire /Strike etc.
Partners’ Drawing & Salary Royalties Received
Returnable packing materials Share Transfer Fees
Cash Discount Allowed / Received Transfer fees
Under Writing commission w/off Abnormal bad debt
Loss due to natural Calamities Purchase of Assets
Deferred expenses Sinking Fund
Statutory Fund Proprietor’s Drawing
Income Tax Paid Advance Payment of income tax
Cost Sheet:
mal Losses & Expenses

tal expenditure
or Interest received & paid

Written off

on capital loan
to fire /Strike etc.

or’s Drawing
Payment of income tax