Specimen of Cost Sheet

Cost sheet for the period________________________

Production__________________________Units
Particulars Total Cost
(Rs)
Cost per
Unit (Rs)
Direct Materials:
Opening Stock
Purchases
Carriage inwards
Less: Closing Stock
Less: Scrap
Direct Material Consumed
Direct Wages
Direct Expenses
Prime Cost
Add: Factory Overheads
Indirect Material
Loose Tools
Indirect Wages
Rent and rates (Factory)
Lighting & Heating (Factory)
Power and Fuel
Repairing and maintenance
Cleaning
Cost of Research and experiments
Depreciation of Factory plant
Works Stationery
Welfare service expenses
Insurance-Fixed Assets
Insurance-Stock of Finished Goods
Works managers salaries
Factory or Works Cost
Add: Opening stock of WIP
Less: Closing stock of WIP
Net Factory or Works Cost
Add: Office & Administrative O/H
Rent & Rates
Salaries
Lighting & Heating
Insurance of office building & office equipment
Telephone & Postages
Printing and Stationery
Depreciation Of furniture & office equipment
Legal Expenses
Audit Fees
Bank Charges
Cost of production
Add: Opening stock of Finished Goods
Less: Closing stock of Finished Goods
Cost of Goods Sold
Add: Selling & Dist. O/H
Showroom rent and rates
Lighting & Heating
Salesmens salaries
Commission
Travelling expenses of salesmen
Sales printing and stationery
Advertisement
Bad debts
Postage
Depreciation and expenses on delivery van
Debt collection expenses
Carriage and freight o/w
Samples and other free gifts
Cost of Sales
Net Profit / (Loss)
Sales