Cost Sheet Format.Doc

COST SHEET

There is no prescribed format of a Cost sheet. It may change from industry to industry. A specimen format of a Cost Sheet is given as under: Particulars Total (Rs.) A. Direct Materials Consumed :
Purchases ..............
Add : Opening Stock of Raw material ..............
Expenses on Purchases ..............
Less : Closing Stock of Raw Material ..............
Direct Material consumed .............. ..............

B. Direct Labour (Wages) ..............

C. Direct Expenses ..............

D. Prime Cost (A + B + C) .............. E. Factory/Works Overheads • Indirect materials, bolts, nuts, screws, thread, nails, lubricants, etc. • Gas, steam, power, fuel, coal, haulage, lighting, lighting & heating. • Rent, rates, taxes and insurance. • Works manager’s salary • Factory workers salary • Depreciation, repairs& maintenance • Oiling and cleaning of machines. • Technical director’s fees or remuneration. • Experimental and research expenses. • Cost of training the new employees. • Laboratory expenses. • Supervision, inspection and testing fees. • Cost of rectifying defective output. • Water treatment plant expenses.
Add : Opening Stock of Work-in-Progress ..............
Less : Closing Stock of Work-in-Progress .............. F. Works/Factory Cost (D + E) .............. G. Add-Office and administration overheads .............. • Printing and stationery used in the office. • Office salaries. • Office rent, rates and insurance. • Office lighting, heating and cleaning. • Depreciation and repairs of office building. • Legal, bank, audit, postage and telephone charges. • Trade subscription / trade magazines. • General expenses.

H. Total Cost of Production (F + G) .............. Add : Opening Stock