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Spcimen of Cost Sheet For A Manufacturing Company

This document provides a cost sheet for a manufacturing company. The cost sheet shows the various cost items including direct materials consumed, direct labor costs, production overheads, factory costs, cost of goods manufactured, cost of goods available for sale, cost of goods sold, sales, gross profit, and operating profit. The cost sheet presents cost information by functional classification and provides unit and total costs over a specified period.

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Saurabh Krishna Singh
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426 views2 pages

Spcimen of Cost Sheet For A Manufacturing Company

This document provides a cost sheet for a manufacturing company. The cost sheet shows the various cost items including direct materials consumed, direct labor costs, production overheads, factory costs, cost of goods manufactured, cost of goods available for sale, cost of goods sold, sales, gross profit, and operating profit. The cost sheet presents cost information by functional classification and provides unit and total costs over a specified period.

Uploaded by

Saurabh Krishna Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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SPCIMEN OF COST SHEET FOR A MANUFACTURING COMPANY

A Cost Sheet or Cost Statement is “a document which provides detailed cost information about a Cost Object." Cost
information is presented on the basis of functional classification. However, other classification may also be adopted
as per the requirements of users.

UNITS Produced
PERIOD: From…………. To…………..
UNITS Sold
COST ITEMS Rs. Rs./ Unit
1 Direct materials consumed:
Opening Stock of Raw Material
Add: Purchases
Add: Incidental Expenses
Less: Closing stock of Raw Material
Direct materials consumed
2 Direct employee (labour) cost
3 Direct expenses -
4 PRIME COST (1+2+3) -
5 Add: Production (or Mfg.) OH/ Iindirect Mfg. costs 63,000
6 Add: Opening Work in Process
7 Less: Closing Work in Process
8 FACTORY COST/ MANUFACTURING COST (4+5+6-7) 100,000 63,000 0.630
9 Administrative Overheads (if allocated to Cost Objects)
10 Less: Credit for Recoveries/ Scrap/ By-Products/ Misc. income
11 Add: Packing cost (primary)
12 COST OF PRODUCTION /MANUFACTURE (8+9-10+11) 100,000 63,000 0.630
13 Add: Opening stock of finished goods - -
14 COST OF GOODS AVAILABLE FOR SALE (12+13) (COGAS) 100,000 63,000 0.630
15 Less: Closing stock of finished goods 33,286 20,970 0.630
16 COST OF GOODS SOLD (14-15) (COGS) 66,714 42,030
17 SALES 66,714 436,800 6.547
18 GROSS PROFIT 394,770
19 Add: Admin, Selling, Marketing & Distribution Overheads 212,850
20 OPERATING PROFIT 181,920
Comments

Rare to have
Direct labour+All mfg. Costs=Conversion costs

Not generally part of manufacturing cost

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