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    Vatsal Changoiwala
    The document provides cost sheets for three months - November 2014, March 2015, and a hypothetical month. It includes details of raw materials, wages, overheads, production costs, inventory levels, sales, and profits. The key information presented are the cost of production, total costs, sales, and profits on a per unit basis for each period.

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    Untitled

    Uploaded by

    Vatsal Changoiwala
    26 views3 pages
    The document provides cost sheets for three months - November 2014, March 2015, and a hypothetical month. It includes details of raw materials, wages, overheads, production costs, inventory levels, sales, and profits. The key information presented are the cost of production, total costs, sales, and profits on a per unit basis for each period.

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    © © All Rights Reserved

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    The document provides cost sheets for three months - November 2014, March 2015, and a hypothetical month. It includes details of raw materials, wages, overheads, production costs, inventory levels, sales, and profits. The key information presented are the cost of production, total costs, sales, and profits on a per unit basis for each period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    26 views3 pages

    Untitled

    Uploaded by

    Vatsal Changoiwala
    The document provides cost sheets for three months - November 2014, March 2015, and a hypothetical month. It includes details of raw materials, wages, overheads, production costs, inventory levels, sales, and profits. The key information presented are the cost of production, total costs, sales, and profits on a per unit basis for each period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Cost sheet for month of November 2014 (unit Produced: 10000, Unit Sold: 11000)

    Particular Amount Per Unit


    Opening stock 5000
    Less: Closing stock -4000
    Purchase 100000
    Less: Material return to supplier -2000
    Carriage freight 5000
    Direct wages 70000
    Direct Expenses 30000
    Prime cost 204000 20.4
    Add: Factory Overhead
    Factory rent 15000
    Motive power 10000
    Fuel, oil grASE 5000
    Depreciation on plant 2500
    Depreciation on Factory building 12000/12 1000
    Repair of machinery 1000
    Indirect wages 15000
    Haulage 1000
    Royalty 6000/12 500
    Work manager salary 4000
    Factory cleaning 100
    Opening stock work in progress 2000
    Less Closing Stock -1000
    Less: Scrap Sold -1000
    Drawing office salary 1000
    Factory Cost 260100 26.01
    Add: Admin Overhead
    Rent 15000
    Printing 250
    Depreciation on office building 6000/12 500
    Depreciation on furniture 100
    Counting office salary 1000
    Cost of production 276950 27.695
    Add: Opening stock 10000
    Less: Closing stock -23913
    Cost of Good Sold 263037 23.91
    Add: Selling and distribution Overhead q
    Advertising 10000
    Sales man travelling expenses 5000
    After sales services 11000 1
    Rent and insurance of ware houses 750
    Expenses of delivery van 263037 5261
    Salary of packing department 1000
    Total cost / cost of sales 296048 26.91
    Profit 50827 4.62
    Sales 346875 31.53
    Cost Sheet for month of November 2014 (Unit Produced: 19030 Unit Sold: 11418)

    Raw material Consumed 450000


    Direct wages 294000
    Prime cost 744000
    Add: Factory cost 2300*3 6900
    Factory cost 750900
    Add: Office OH 10% 75090
    Cost of Production 825990 43.40
    Less Closing Stock (19030- 11418) 7612 unit -330361
    Cost of Good Sold 495629 43.40
    Add: Selling and distribution 11418
    Total Cost 507047 44.4
    Loss -164507 14.4
    Sales 342540 30

    Cost sheet for the March 2015 (Unit Produced : 1200)

    Particular Amount Per unit


    Material 1152000 960
    Direct Labour 1512000 1260
    Prime Cost 2664000 2220
    Add: Manufacturing Cost 666000 555
    500000---------------2000000
    ?------------2664000
    Factory cost 3330000 2775
    Add: Office Overhead
    Management Staff salary 600000 500
    Rent 100000 83.33
    General expenditure 200000 166.67
    Cost of production 4230000 3525
    Add: Selling and Distribution Overhead 360000 300
    Total cost 4590000 3825
    Profit 510000 425
    Sales 5100000 4250

    Suppose Sales price = 100

    Less Profit =-10

    Cost =90

    90------------ 3825/4590000

    100-----------?

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