RAW MATERIAL CONSUMEADD: WAGES PAID TO LABOURDIRECTLY CHARGEBLE
EXPPRIME COST
ADD: FACTORY EXPENSESOIL WAGES OF FORECEMANSTORE KEEPER
WAGESELECTRIC POWERLIGHTING RENT REPAIRS AND RENEWALSMACHINERY
DEPRECIATION PLANT AND MACHINERYCONSUMABLE STORETOAL
WORKS COST
ADD: OFFICE AND ADMINISTRATION EXPENSESLIGHTINGRENTOFFICE
PREMISESDEPERECIATION OFFICEMANAGER SALARYDIRECTOR FEESPRINTING AND
STATIONERYTELEPHONE CHARGESPOSTAGE AND TELEGRAMTOTAL
COST OF PRODUCTION / OFFICE OVERHEADS
COST OF GOODS SOLD FOR PRODUCTION
ADD: SELLING AND DISTRIBUTION OVERHEADSSALESMAN COMMISION AND
SALARYTRAVELLING EXPENSESADVERTISING EXPENSES
WAREHOUSE EXPENSESCARRIAGE OUTWARDTOTAL
TOTAL COST
ADD: PROFIT 25%
SALES
COST SHEET
AMT AMT
4000010000
200052000
1001000
500200500
2000500
1000200
10007000 7000
59000
2001000
200500
1000500200
50100
3750 3750
62750
62750
500200500
200150
1550 1550
64300
16075
80375
PROFORMA OF COST SHEET
OPENING STOCK OF RAW MATERIALADD: PURCHASE OF RAW
MATERIALCARRIAGE INWARD OTHER EXP ON PURCHASESLESS: CLOSING STOCK
OF RAW MATERIALSCRAP OF RAW MATERIAL
DIRECT MATERIAL CONSUME
ADD: DIRECT LABOURDIRECT EXPENSES
PRIME COST
ADD: FACTORY OVERHEADSFACTORY RENT POWER AND FUEL INDIRECT
MATERIALDEPRECIATION ON MACHINERYOIL AND WATER CHARGES
FACTORY COST
ADD: OPENING STOCK OF WIPLESS: CLOSING STOCK OF WIP
WORK COST
ADD: OFFICE AND ADMINISTRTION AUDIT FEESDIRECTORS FEES LEGAL
CHARGESPOSTAGE AND TELEGRAMINSURANCE OF OFFICE
COST OF PRODUCTION FOR OFFICE OVERHEADS
ADD: OPENING STOCK OF FINISHED STOCKLESS: CLOSING STOCK OF
FINISHED STOCK
COST OF GOODS SOLD FOR PRODUCTION
ADD: SELLING AND DISTRIBUTION OVERHEADSTRADE
DISCOUNTADVERTISINGCASH DISCOUNTBAD DEBTSDELIVERY VANDEP ON
DELIVERY VAN
TOTAL COST
PROFIT / LOSS
SALES
MR. GOPAL
PARTICULARS AMT
RAW MATERIAL CONSUMED 15000DIRECT LABOUR CHARGES 9000
PRIME COST 24000
ADD: FACTORY EXPENSESMACHINE WORKED (900*5) 4500
WORKS COST 28500
ADD: ADMINISTRATION OVERHEADS20% ON WORKS COST (28500*20%)
5700
