Cost Sheet of Priya Manufacturing Company Ltd for the year ended 2013

Particulars Amount (Rs) Amount (Rs)

Cost of material consumed 60,000
Productive Wages 40,000
Chargeble expenses 5,000
Prime Cost 105,000
Add - Works/Factory overheads:
Works expenses 10,000
Works Cost 115,000
Add - Office and AdmnOverheads:
Establishment charges 15,000
Cost of Production 130,000
Less: Closing stock of finished goods(1,000 *26) 26,000
Cost of Goods sold( 4,000) 104,000
Add: Selling and Distribution overheads:
Selling and Distribution expenses (4,000*3) 12,000
Total cost / Cost of Sales 116,000
Profit 44,000
Sales / Selling price 160,000

Cost Sheet of Manufacturing Company Ltd for the year ended 2014

Particulars Amount (Rs) Amount (Rs)

Cost of material consumed 60,000
productive wages (60,000*60/100) 36,000
Chargable expenses (36,000*20/100) 7,200
Prime cost 103,200
Add: Works/Factory overheads (36,000*70/100) 25,200
Works cost 128,400
Add: Office & Admin Overheads (1,28,400*20/100) 25,680
Total Cost of production (5,000) 154,080
Less: Closing stock of finished goods(1,000*30.82) 30,820
Cost of production( 4,000) 123,260
Add: Sales & Dist Overheads (4,000 units sold * 3) 12,000
Total Cost 135,260
Profit (1,35,260/80*20) 33,815
Selling Cost/Price (Sales) 169,075
r ended 2013

Cost Per Unit (Rs)

12
8
1
21

2
23

3
26

26

3
29
11
40

nded 2014
Cost Per Unit (Rs)
5,000
12
7.2 sp=tc+profit
1.44 100=80+20
20.64
5.04
25.68
5.136
30.82

30.82
3
33.82
8.45375
42.27
 Cost Sheet of ABC Company Ltd for the year ended 31-3-2014
Particulars Amount (Rs)
Cost of material consumed 10,000
Productive Wages 8,000
Chargeable expenses 2,000
Prime Cost
Add:Works or Factory overheads:
Cotton waste 1,000
Power and fuel 1,200
Depreciation on plant and machinery 1,100
Works manager salary 4,500
Lubricating oil 350
Haulage 900
Factory/Works Cost
Add: Office and Administration overheads:
Depreciation on office furniture 800
Staff salaries 16,000
Printing and Stationery 1,400
MD Remuneration 4,000
General expenses 900
Cost of production/ Cost of goods sold
Add: Sales and Distribution overheads:
Depreciation on delivery van 650
Advertisement 1,600
Commission 450
Upkeep charges of delivery van 300
Total cost/ cost of sales
Profit
Sales
ded 31-3-2014
Amount (Rs)

20,000

9,050
29,050

23,100
52,150

SP=TC+PROFIT
3,000
55,150
4,850
60,000
 Statement of Cost and Profit for the year ended 31-03-2014
Particulars Amount (Rs) Amount (Rs)
Opening stock of R/W 10,000
Add: Purchase of Raw materials 60,000
Carriage inwards 2,000
72,000
Less: Closing stock of R/w 9,000
Cost of Raw materials consumed 63,000
Add:Productive wages 45,000
Prime Cost 108,000
Add: Works/Factory Overheads
Power and fuel 3,000
Loose tools 5,000
Steam 1,200
R&D charges 4,800
Oil and grease 1,200
Factory cleaning 2,800
Dep on plant and mech 8,000
Gas, water and elec 3,900
indirect wages 2,400
Repairs and manin 3,300
MD Remuneration(10,000*1/4) 2,500
Total works cost before scrap 38,100
less: Scrap value 2,700
Total works cost After scrap 35,400
Add: O/s of WIP 8,000
43,400
Less: C/s of WIP 7,000
Total Works over heads 36,400
Works cost 144,400
Add: Office and Admin Overheads
MD Remuneration(10,000*2/4) 5,000
office cleaning charges 1,800
Printing & Stationery 2,800
Staff salary 33,600
Office salary 6,000
legal charges 1,700
Manager salary 4,000
Gereral charges 5,400
60,300
Total production cost 204,700
Add: O/s of Finished goods 6,000
210,700
Less: C/s of finished goods 6,300
Production Cost 204,400
Add: Sales and Distribution overheads:
MD remureration(10,000*1/4) 2,500
Commission to agents 8,000
Free gifts and samples 6,000
Clening charges 1,900
Advertisement 4,000
Carriage outwards 1,600
Travelling expenses 2,200
Counting house salaries 6,500
Bad debts 2,000 34,700
Total cost/ Cost of sales 239,100
Profit 59,775
Sales 298,875
 36400/45000*100 80.88

% Ao to wc

tc 239100 60300/144300*100 41.78

34700/144300*100
sp=tc+p
24.047
 Statement of Cost and Profit of a Manufacturing Company Ltd for the year ended 2013
Out Put 4000 Units
Particulars Amount (Rs) Cost
Amount (Rs)
Opening stock of R/M 70,000
Add: Purchases of R/M 100,000
170,000
Less: Closing stock 10,000
Cost of Raw material consumed 160,000
Factory wages 200,000
Prime cost 360,000
Add: Works overheads 36,000
Works cost 396,000
Add:Admin overheads 44,000
Cost of production 440,000
Less: Closing stock Finished goods 40,000
Total cost of production 400,000
Add: Selling overheads
Total cost 400,000
profit 100,000
Sales 500,000

Statement of Quotation of a Manufacturing Company Ltd for the year 2014

Estimated Out Put
1000 Units
Particulars Amount (Rs) Cost
Amount (Rs)
Cost of material consumed ( 40 *15/100) 46,000
Wages 50 + (50*10/100)= 50+5 #REF!
Prime cost #REF!
Add: Works overheads (9*1000) 9,000
Workscost #REF!
add: Office overheads (11 * 1000) 11,000
Cost of production #REF!
Add; Selling overheads 0
total cost #REF!
profit 30,250
Sales #REF!

Statement of cost and profit for the year 2014

Particulars Amount (Rs) Amount (Rs)

 Particulars Amount (Rs) Amount (Rs)

Direct material 60,000

Direct wages 80,000
Chargable expenses 20,000
Prime cost 160,000
Add: Factory over heads 40,000
Works cost 200,000
Add: Office overheads 60,000
Cost of production 260,000
Add: Selling overheads 40,000
Total cost 300,000
Profit 60,000
Sales 360,000

Statement of quatation for the year 2015

Particulars Amount (Rs) Amount (Rs)

Direct material 10,000

Direct wages 14,000
Chargable expenses 4,000
Prime cost 28,000
Add: Factory over heads ( 50% on wages) 7,000
Works cost 35,000
Add: Office overheads (30% on works cost) 10,500
Cost of production 45,500
Add: Selling overheads (20% on works cost) 7,000
Total cost 52,500
Profit 10,500
Sales 63,000
 profit on cost=profit/tc*100

tc 320500*4.918/100

121000*25/100
 Works oH to wages= W OH/Wages*100 40000/80000*100 50

% of office OH to Works cost= office OH / Works Cost *100 60000/200000*100 30

% of selling OH to works cost= Selling & D oH /works cost *100 40000/200000*100 20

 Store Ledger (FIFO Metho
Receipts
Date Particulars Rate per Amount in
GRN Quantity Unit Rs.
Jan.02 Purchases 4,000 4 16,000
Jan.25 Purchases 500 5 2500
Feb.5 Issues

Feb.10 Purchases 6000 6 36000

Feb.12 Issue 4000

Mar.2 issues
Mar.5 Issues
Mar.15 Purchase 4500 5.5 24750
Mar.20 Issues (3000)

Store Ledger (FIFO)

Receipts
Date Particulars
GRN Quantity Rate per
Unit
Amount in
Rs.
1.Jan Opening Balance
6.Jan Issues
9.Jan Purchases 600 2.25 1350
15.Jan Purchases 450 2.5 1125
18.Jan Issues

21.jan Issues
24.jan purchases 750 2.6 1950
26..Jan Issues

31.Jan Issues
 Store Ledger (LIFO)
Receipts
Date Particulars
GRN Quantity Rate per
Unit
Amount in
Rs.
1.March Opening Balance
6.mar issues
7.mar purchases 350 460 161000
8.march Loss of material

9.mar issues

14.mar issues

17.mar
Purchase 200 480 96000
20.mar issues

21.mar Excess stock 43 480 20640

25.mar Purchases 280 470 131600
28.mar issues

Store Ledger (Simple Average m

Receipts
Date Particulars Rate per Amount in
GRN Quantity
Unit Rs.
02.March Purchase 200 2 400
2014
10-Mar Purchases 300 2.4 720
15.Mar Issues
18.mar Purchases 250 2.6 650
20.Mar issues

March.15 2+2.4/2

Store Ledger (Weighted Average

Receipts
Date Particulars
GRN Quantity Rate per Amount in
Unit Rs.
02.March Purchase 200 2 400
2014
10.Mar Purchases 300 2.4 720
15.Mar Issues
18.March Purchases 250 2.6 650
20.Mar Issues

Store Ledger (Simple Average m

Receipts
Date Particulars
GRN Quantity Rate per Amount in
Unit Rs.
jun.01 opening balance
Jun.02 Purchases 200 2.2 440
Jun.04 Issues
Jun.06 Purchases 200 2.3 460
Jun.10 Shortage
JUN.11 issues
Jun.19 issues
Jun.22 Purchases 200 2.4 480
Jun.25 Refund of surplus 20 2.1 42
Jun.27 issues
Jun.28 Purchases 200 2.5 500
Jun.29 Shortage
Jun.30 issues

jun.2=2+2.2/2 10&11 June

27.Jun
Store Ledger (FIFO Method)
Issues Balance
Rate per
MRN Quantity Rate per Unit Amount in Rs. Quantity Unit
4000 4
500 5
2000 4 8000 2000 4
500 5
6000 6
2000 4 8000
4000 500 5 2500
1500 6 9000 4500 6
1000 6 6000 3500 6
2000 6 12000 1500 6
4500 5.5
1500 6 9000
3000
1500 5.5 8250 3000 5.5

Store Ledger (FIFO)

Issues Balance
MRN Quantity Rate per Unit Amount in Rs. Quantity Rate per
Unit
800 2
350 2 700 450 2
600 2.25
450 2.5
450 2 900
750
300 2.25 675 300 2.25
450 2.5
300 2.25 675 450 2.5
750 2.6
450 2.5 1125
750 2.6
300 2.6 780 450 2.6
 Store Ledger (LIFO)
Issues Balance
MRN Quantity Rate per Unit Amount in Rs. Quantity Rate per
Unit
200 480
140 480 67200 60 480
350 460
30 460 13800 60 480
320 460
80 460 36800 60 480
240 460
210 460 96600 60 480
30 460
60 480
30 460
200 480
280 200 480 96000
30 460 13800
50 480 24000 10 480
43 480
280 470
280 470 131600 10 480
43 480

qty rate amt

10 480 4800
43 480 20640
closing stock 25440

re Ledger (Simple Average method)

Issues Balance
Rate per
MRN Quantity Rate per Unit Amount in Rs. Quantity
Unit
200 2
 500
250 2.2 550 250
500
200 2.5 500 300

2.2 20.March 2.4+2.6/2 2.5

e Ledger (Weighted Average method)

Issues Balance
MRN Quantity Rate per Unit Amount in Rs. Quantity Rate per
Unit
200 2

500 2.24
250 2.24 560 250
500 2.42
200 2.42 484 300

re Ledger (Simple Average method)

Issues Balance
MRN Quantity Rate per Unit Amount in Rs. Quantity Rate per
Unit
300 2
500
150 2.1 315 350
550
10 2.17 22 540
150 2.17 326 390
200 2.25 450 190
390
410
250 2.27 568 160
360
20 2.33 47 340
150 2.33 350 190

2+2.2+2.3/3 2.17 19.June 2.2+2.3/2 2.25

2.1+2.4+2.3/3 2.27 29&30 June 2.5+2.1+2.4/3 2.33

Qty Amount
Closing balance 190 444
alance
Amount in
Rs.
16000
2500
8000 2000 4 8000
2500 500 5 2500
36000 1500 6 9000

27000 19500
21000
9000
24750

16500

Rank
alance
Amount in
Rs.
1600 1
900 1
1350 2
1125 3

675 1
1125 2
1125 1
1950 2

1950 1
1170
alance
Amount in
Rs.
96000
28800 1
161000 2
28800 1
147200 2
28800 1
110400 2
28800
13800
28800 1
13800 2
96000 3

4800 1
20640 2
131600 3
4800
20640

alance
Amount in
Rs.
400
 1120
570
1220
720

alance
Amount in
Rs.
400

1120 1120/500
560
1210 1210/500
726

alance
Amount in
Rs.
600
1040
725
1185
1163
837
387
867
909
341
841
794
444