cost sheet for the yeanded 31st March 98 and 99

31st March 98 31st march 99

Actual Estimate
Particulars 1000 units P.U 1500 units
Total (Rs.) Total (Rs.)

A. DIRECT MATERIAL 200,000 200.00 330000

B. DIRECT WAGES 150,000 150.00 270000

C. PRIME COST (A+B) 350,000 350.00 600000

D. FACTORY OVERHEADS
Variable 87,500 150,000
Fixed 50,000 137.50 50,000
E. WORK COST (C+D) 487500 487.50 800,000

F. OFFICE & ADMINISTRATIVE OVERHEADS 60,000 60.00 100,000

G. COST OF PRODUCTION (E+F) 547,500 547.50 900,000

H. SELLING AND DISTRIBUTION OVERHEADS 45,000 45.00 90,000

COST OF SALES/TOTAL COST (G+H) 592,500 592.50 990,000
Profit 137,500 137.50 247500
Sales 730,000 730.00 1,237,500
31st march 99
NOTES:
P.U 1) Material per unit
1997-98 cost p.u 200
(+) Increase in price (25%) 50
220.00 250
(-) Decrease in consumption (12%) 30
180.00 Estimate cost p.u. 1998-99 220

400.00 2) Direct Wages per unit

1997-98 cost p.u 150
(+) Increase in rate (20%) 30
Estimate cost p.u. 1998-99 180
133.33
533.33 3) Factory Overheads
Variable cost is in proportion to combined cost of Direct Material
66.67 and Direct Wages
600.00 1997-98
87500/3,50,000 *100 25%
60.00
660.00 Estimate cost 1998-99
165.00 6,00,000 * 25% 150,000
825.00
4) Admin Overheads
1997-98 cost 60,000
(+) Increase (66 2/3 % ) 40,000
Estimate cost 1998-99 100,000

5) Profit for 98-99 (20% on sales)

Cost 80 990,000
(+) Profit 20 247,500
Sales 100 1237500
 Cost Sheet for the period
2,400 units
Particulars Total Amount P.U

A.Direct Material 9600 4.00

B.Direct Labour 3600 1.50

C.Prime Cost (A+B) 13200 5.50

D.Factory Overheads
Variable 9600 4.00
Fixed 2400 1.00

E.Total Cost (C+D) 25200 10.5

F.Profit 8400 3.50
G.Sales 33600 14.00
Note:
1) Factory overhead variable

units amount
800 5600 (800*4) + fixed cost
1000 6400 inc Rs. 800 when 200 units 800/200
1600 8800 inc Rs. 2400 when 600 units 2400/600
2400 12,000 inc Rs. 3200 when 800 units 800 units @ Rs. 4 p.u
Variable Cost - Ra. 4 p.u.
Fixed Cost = 2400

2) Profit is 25% on sales

Cost 75 25200
(+) profit 25 8400
Sales 100 33600
4 p.u.
4 p.u.
 Cost Sheet of Times Paper Mill Ltd
Production: 6000 ton
Sales: 6200 ton
Particulars RS. RS.

A. Direct Materials (6000 * Rs. 900) 5,400,000

B. Direct Wages
Skilled (280 * Rs. 250 * 26 days) 1,820,000
Semi-skilled (300 * Rs. 150 * 26 days) 1,170,000
Unskilled (470 * Rs. 100 * 26 days) 1,222,000 4,212,000

C. Direct Expenses
Special equipment hire charges (Rs. 12000* 26) 312,000
Special dye (6000 tons * Rs. 250) 1,500,000 1,812,000

D. Prime Cost (A+B+C) 11,424,000

E. Factory Overheads
Vairable (50% of 42,12,000) 2,106,000
Fixed 270,000 2,376,000

F. Works Cost (D+E) 13,800,000

G. Office and Administration Overheads (12% of F) 1,656,000

H. Cost of Production (F+G) 15,456,000

(+) Opening Stock of Finished Goods (500* Rs. 2501.60) 1,250,800

(-) Closing Stock of Finished Goods (300* Rs. 2576) -772800

I. Cost of Goods Sold 15,934,000

J. Selling and Disrtibution Overheads (6200 * Rs. 80) 496,000

K. Cost of Sales/ Total Cost (I+J) 16,430,000

Profit 2,170,000
Sales 18,600,000
Production: 6000 tons
Sales: 6200 tons
Cost per ton

900.00

702.00

302.00

1904.00

396.00

2,300.00

276.00

2,576.00
6000
- (+) 500
- (-) 300
6200
2570.00

80.00

2650.00
350.00
3000.00
 Cost sheet of Vishal manuacturing compamy.

Product A Product B
Quantity produced 2000 units 5000 units
Particulars Total P.U Total P.U

A. Direct Material 200,000 100 600,000 120

B. Direct Labour 120,000 60 250,000 50
C. Direct Expenses 80,000 40 400,000 80

D. Prime Cost 400,000 200 1,250,000 250

E. Factory Overheads 80,000 40 250,000 50

F. Works Cost 480,000 240 1,500,000 300

G. Office and Administration Overheads 120,000 60 375,000 75

H. Cost of Production 600,000 300 1,875,000 375

(-) Closing Stock of Finished Goods 150,000 - 187,500 -

Product A: 500 * Rs. 300
Product B: 500 * Rs. 375

I. COGS 450,000 300 1,687,500 375

J. Selling and Distribution Overheads 22500 15 90000 20

K. Cost of Sales/ Total Cost 472,500 315 1,777,500 395

L. Profit 118125 78.75 444375 98.75

M. Sales 590,625 393.75 2221875 493.75

Notes:
Profit is 20% on sales
A B
Cost 80 472500 1777500
(+) Profit 20 118125 444375
Sales 100 590625 2221875

20% on sale 25% on cost

Cost 80 80
(+) Profit 20 20
Sales 100 100
Annual capacity 120000 units i.e 10000 P.M
First seven months = 50 * capacity utilisation
Production in 7 months = 10000 * 7 * 50/100 = 35000 Units

Production in 5 months = 100% capacity

10000 * 5 = 50000 Units
Total production = 85000 Units