cost sheet format

Cost Sheet Format
Particulars
Amt (Rs.)
Amt (Rs.)

Opening Stock Of Raw Materials xxx Add: Purchase Of Raw Materials xxx Purchase Expenses xxx Less: Closing Stock Of Raw Materials xxx Defective Materials Returned xxx I. Raw material Consumed xxx II. Add: Direct Labor xxx Factory Wages, Productive Wages xxx Less: Abnormal Idle Time xxx III. Add: Direct Expenses

Excise Duty xxx Royalty paid on production Basis xxx Hire Charges on Special plant xxx A-Prime Cost

xxx
IV. Works overheads:

Power xxx Factory Supervision xxx Stores xxx Depreciation xxx Factory Expenses Etc. xxx Less : Sales of scrap xxx Cost of Operation

xxx
Add: Opening Stock of Work in Progress

xxx
Less: Closing Stock Of Work in Progress

xxx
B- Factory Cost or Works Cost

xxx
V. Office Overheads

Printing & stationery xxx Office Salary xxx Conveyance xxx Electricity Bills xxx Legal Expenses xxx Postage etc. xxx C. Cost Of Production

xxx
Add: Opening Stock of Finished Goods

xxx
Less: Closing Stock of Finished Goods

xxx
D. Cost Of Goods Sold

xxx
VI. Selling & Distribution Overheads

Traveling Expenses xxx Warehouse Expenses xxx Salary of Sales Manager xxx Commission xxx Advertising Expenses xxx Delivery Charges xxx E. Cost Of Sales

xxx
Profit

xxx
F. Sales

xxx

Non Cost Items which never appearing in the Cost Sheet:

Abnormal Wastage
All abnormal Losses & Expenses
Wages for Abnormal Idle Time
Bonus to director
Charity & Donation
Any capital expenditure
Capital profit & losses
Dividend or Interest received & paid
Penalties/fines/ Damage paid
Formation of Share
Debenture Interest
Forfeiture of share
Preliminary expense written off
Goodwill Written off
Wealth tax
Sales tax
Share Capital
Interest on capital loan
Provision for income tax
Loss due to fire /Strike etc.
Partners’ Drawing & Salary