Cost Sheet Proforma

COST SHEET PROFORMA OF COST SHEET PARTICULARS

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 Factory Overheads 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

TOTAL COST

TOTAL COST

Rs.

Rs.

PARTICULARS

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

TOTAL COST

TOTAL COST

Rs.

Rs.

PARTICULARS

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

TOTAL COST

TOTAL COST

Rs.

Rs.

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 Profit/Loss on Sale of of fixed assets 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