COST SHEET

PROFORMA OF COST SHEET

PARTICULARS TOTAL COST TOTAL COST

Rs. Rs.

Opening Stock Raw Materials

Add: Purchase
Add: Carriage Inward
Add: Octroi and Customs Duty
Less: Closing Stock of Raw Materials
Cost of Direct Material Consumed
Add : Direct Wages

PRIME COST
Add: Works of Factory Overheads
Indirect Materials
Indirect Wages
Leave Wages
Bonus to Workers
Overtime Wages
Fuel and Power
Rent and Taxes
Insurance
Factory Lightings
Supervision
Works Stationery
Canteen and Welfare Expenses
Repairs
Works Salaries
Depreciation of Plant and machinery
Works Expenses
Gas and Water
Technical Director’s Fees
Laboratory Expenses
Works Transport Expenses
Works Telephone Expenses
 PARTICULARS TOTAL COST TOTAL COST

Rs. Rs.

Add: Opening Stock of Work-in-Progress

Less: Closing Stock of Work-in-Progress
Less: Sale of Waste ( Scrap )

WORKS COST
Add: Office and Administration Overheads
Office Salaries
Directors Fees
Office Rents And Rates
Office Stationary and Printing
Sundry Office Expenses
Depreciation on Office Furniture
Subscription to Trade Journals
Office Lightings
Establishment Charges
Directors Travelling Expenses
Consultants Fees
Contribution to Provident Fund
Postage
Legal Charges
Audit Fees
Bank Charges
Depreciation &Repairs of Office Equipments
Bonus to Staff
COST OF PRODUCTION
Add :Opening Stock of Finished Goods
Less: Closing Stock of Finished Goods
COST OF GOODS SOLD
 PARTICULARS TOTAL COST TOTAL COST

Rs. Rs.

Add: Selling & Distribution Overheads

Advertising
Show Room Expenses
Salesman’s Salaries and Expenses
Packing Expenses
Carriage Outward
Commission of Sales Agents
Cost of Catalogues
Expenses of Delivery Vans
Collection Charges
Travelling Expenses
Cost of Tenders
Warehouse Expenses
Cost of Mailing Literature
Sales Manager’s Salaries
Insurance of Showroom
Sales Director’s Fees
Sales Office Expenses
Rent of Sales Office
Depreciation of Delivery Vans
Expenses of Sales Branch Establishments
Branch Office Expenses

TOTAL COST OF SALES

Profit or Loss

SALES
NON COST ITEMS

Non-cost items are those items which do not form part of cost of a
product. Such items should not be considered while ascertaining
the cost of a product.

These are items included in the Profit & Loss A/c.

These will not come in the cost sheet

a) Income tax paid

b) Interest on capital
c) Interest on loan
d) Profit/Loss on Sale of fixed assets
e) Donations
f) Capital Expenditure
g) Discount on shares & Debentures
h) Commission to Partners, Managers etc
i) Brokerage
j) Preliminary Expenses Written off.
k) Wealth tax etc