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    Cost Sheet Proforma Details Total Cost Per Unit Rs Rs Rs Add Less Less Less 75000

    Uploaded by

    amol
    The document is a cost sheet proforma that outlines the costs associated with production. It includes details of direct material costs, direct labor costs, factory overheads, administrative overheads, and selling and distribution expenses to calculate the total cost of production. It then calculates profit as the difference between total sales and total cost. The key steps are: (1) calculating prime cost from direct costs, (2) calculating works cost by adding factory overheads, (3) calculating cost of production by adding administrative overheads, and (4) calculating total cost by adding selling and distribution expenses.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Cost Sheet Proforma Details Total Cost Per Unit Rs Rs Rs Add Less Less Less 75000

    Uploaded by

    amol
    74 views10 pages
    The document is a cost sheet proforma that outlines the costs associated with production. It includes details of direct material costs, direct labor costs, factory overheads, administrative overheads, and selling and distribution expenses to calculate the total cost of production. It then calculates profit as the difference between total sales and total cost. The key steps are: (1) calculating prime cost from direct costs, (2) calculating works cost by adding factory overheads, (3) calculating cost of production by adding administrative overheads, and (4) calculating total cost by adding selling and distribution expenses.

    Original Description:

    THIS IS COST SHEET

    Original Title

    Cost Sheet

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    © © All Rights Reserved

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    XLSX, PDF, TXT or read online from Scribd

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    The document is a cost sheet proforma that outlines the costs associated with production. It includes details of direct material costs, direct labor costs, factory overheads, administrative overheads, and selling and distribution expenses to calculate the total cost of production. It then calculates profit as the difference between total sales and total cost. The key steps are: (1) calculating prime cost from direct costs, (2) calculating works cost by adding factory overheads, (3) calculating cost of production by adding administrative overheads, and (4) calculating total cost by adding selling and distribution expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    74 views10 pages

    Cost Sheet Proforma Details Total Cost Per Unit Rs Rs Rs Add Less Less Less 75000

    Uploaded by

    amol
    The document is a cost sheet proforma that outlines the costs associated with production. It includes details of direct material costs, direct labor costs, factory overheads, administrative overheads, and selling and distribution expenses to calculate the total cost of production. It then calculates profit as the difference between total sales and total cost. The key steps are: (1) calculating prime cost from direct costs, (2) calculating works cost by adding factory overheads, (3) calculating cost of production by adding administrative overheads, and (4) calculating total cost by adding selling and distribution expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 10

    Cost Sheet Proforma

    Details Total Cost per Unit


    Rs Rs Rs
    Raw Materials (Opening) 20000
    Add Purchase of Raw Material 80000

    Less Return Outward

    Less Abnormal Loss of material


    Less Raw material Closing 25000
    75000 75000
    Details Total Cost per Unit
    Rs Rs Rs
    Material Consumed 10000
    Direct Wages 22000
    Direct Expenses 5000
    Carriage inwards
    Hire of Special Plant
    Chargeable Expenses 5000
    PRIME COST 42000
    117000
    Indirect Factory Expenses
    Indirect Wages
    Factory Expenses 5000
    Factory rent and rates 2000
    Factory Lighting and heating 1000
    Factory Fuel and power 500
    Indirect material
    Repairs to plant 1000
    Depreciation on plant
    Loose tools
    9500
    Less Sale of Scrap

    9500
    Add Work in Progress(Opening) 10000

    Less Work in Progress(Closing) 6000


    Factory Cost/Work cost/Production Cost 4000 130500

    Office Administrative Expns Overheads


    Office Rent and Taxes 1000
    office salary,Lighting,Insurance 2000
    Establishment charges,Postage
    Repairs,Legal expenses,Audit fees
    Dep of Furnitures
    Management Expenses 1000
    4000
    Cost of production 134500

    Add Finished Goods(Opening 5000

    Less Finished Goods Closing 10000


    5000
    Cost of Production of Goods Sold 129500

    Selling and Distribution Expenses 1000


    Overhead Godown rent/Storage

    Advertisement/Carriage Outward 2500

    Selling Expenses,commission ,Showroom Rent 1500

    Salesman Salaries,Debt.Collection charges


    5000
    Toatl Cost/Cost of Goods Sold 134500

    profit 26900

    Sales 161400
    Step I = Prime Cost = Direct Material + Direct Labour + Direct Expenses.
    Step II = Works Cost = Prime Cost + Factory/Indirect Expenses.
    Step III = Cost of Production = Works Cost + Office and Administration Expen
    Step IV = Total Cost = Cost of Production + Selling and Distribution Expenses
    If we consider 20% profit margin on cost of sales
    Expenses.
    xpenses.
    Administration Expenses.
    Distribution Expenses. Profit = Sales – Total Cost
    Cost Sheet Proforma
    Details Total Cost per Unit
    Rs Rs Rs
    Raw Materials (Opening) 0
    Add Purchase of Raw Material 80000

    Less Return Outward

    Less Abnormal Loss of material


    Less Raw material Closing 0
    80000 80000
    Details Total Cost per Unit
    Rs Rs Rs
    Material Consumed 10000
    Direct Wages 22000
    Direct Expenses 5000
    Carriage inwards
    Hire of Special Plant
    Chargeable Expenses 5000
    PRIME COST 42000
    122000
    Indirect Factory Expenses
    Indirect Wages
    Factory Expenses 5000
    Factory rent and rates 2000
    Factory Lighting and heating 1000
    Factory Fuel and power 500
    Indirect material
    Repairs to plant 1000
    Depreciation on plant
    Loose tools
    9500
    Less Sale of Scrap

    9500
    Add Work in Progress(Opening) 0

    Less Work in Progress(Closing) 0


    Factory Cost/Work cost/Production Cost/COGM 0 131500

    Office Administrative Expns Overheads


    Office Rent and Taxes 1000
    office salary,Lighting,Insurance 2000
    Establishment charges,Postage
    Repairs,Legal expenses,Audit fees
    Dep of Furnitures
    Management Expenses 1000
    4000
    Cost of production 135500

    Add Finished Goods(Opening 0

    Less Finished Goods Closing 0


    0
    Cost of Production of Goods Sold 135500

    Selling and Distribution Expenses 1000


    Overhead Godown rent/Storage

    Advertisement/Carriage Outward 2500

    Selling Expenses,commission ,Showroom Rent 1500

    Salesman Salaries,Debt.Collection charges


    5000
    Toatl Cost/Cost of Goods Sold 140500

    profit 28100

    Sales 168600
    Step I = Prime Cost = Direct Material + Direct Labour + Direct Expenses.
    Step II = Works Cost = Prime Cost + Factory/Indirect Expenses.
    Step III = Cost of Production = Works Cost + Office and Administration Expen
    Step IV = Total Cost = Cost of Production + Selling and Distribution Expenses
    If we consider 20% profit margin on cost of sales
    Expenses.
    xpenses.
    Administration Expenses.
    Distribution Expenses. Profit = Sales – Total Cost

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