Scribd Logo
Upload

Welcome to Scribd!

  • Chapter1133 Pages 41 42

    Uploaded by

    pgp39150
    2 views2 pages
    1. The document outlines an exhaustive cost sheet that tracks the total and per unit costs of various direct and indirect materials, wages, expenses, and overheads associated with production. 2. It lists direct materials, direct wages, direct expenses, and factory overheads like indirect materials, wages, fuel, rent, repairs, and depreciation. It then accounts for work in progress, finished goods, and cost of goods sold. 3. The cost sheet also includes selling and distribution overheads such as advertising, sales wages and expenses, packing, delivery, and commissions, to arrive at the total cost of sales.

    Original Description:

    Original Title

    Chapter1133-pages-41-42

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    1. The document outlines an exhaustive cost sheet that tracks the total and per unit costs of various direct and indirect materials, wages, expenses, and overheads associated with production. 2. It lists direct materials, direct wages, direct expenses, and factory overheads like indirect materials, wages, fuel, rent, repairs, and depreciation. It then accounts for work in progress, finished goods, and cost of goods sold. 3. The cost sheet also includes selling and distribution overheads such as advertising, sales wages and expenses, packing, delivery, and commissions, to arrive at the total cost of sales.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views2 pages

    Chapter1133 Pages 41 42

    Uploaded by

    pgp39150
    1. The document outlines an exhaustive cost sheet that tracks the total and per unit costs of various direct and indirect materials, wages, expenses, and overheads associated with production. 2. It lists direct materials, direct wages, direct expenses, and factory overheads like indirect materials, wages, fuel, rent, repairs, and depreciation. It then accounts for work in progress, finished goods, and cost of goods sold. 3. The cost sheet also includes selling and distribution overheads such as advertising, sales wages and expenses, packing, delivery, and commissions, to arrive at the total cost of sales.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    1.

    30 Cost Accounting

    Exhaust i ve Cost Sheet ( Det ai led)


    Units produced ........
    Particulars Total cost Cost per unit
    ` `

    Opening Stock of Direct Raw Materials


    Add : Purchases ... ...
    Add : Carriage Inward ... ...
    Add : Octroi, Customs Duty and other expenses on purchases ... ...
    Less : Closing Stock of Direct Raw Materials ... ...
    Cost of Direct Materials Consumed ... ...
    Direct or Productive Wages ... ...
    Direct (or Chargeable) Expenses ... ...
    Pri me Cost ... ...
    Add : Works or Factory Overheads : ...
    Indirect Materials ...
    Indirect Wages ...
    Leave Wages ...
    Overtime Premium ...
    Fuel and Power ...
    Coal ...
    Factory Rent and Taxes ...
    Insurance ...
    Factory Lighting ...
    Supervision ...
    Works Stationery ...
    Canteen and Welfare Expenses ...
    Repairs ...
    Haulage ...
    Works Salaries ...
    Depreciation of Plant & Machinery ...
    Works Expenses ...
    Gas and Water ...
    Drawing Office Salaries ...
    Technical Director’s Fees ...
    Laboratory Expenses ...
    Works Telephone Expenses ...
    Internal Transport Expenses ...
    Less : Sale of Scrap ...
    Add : Operating Stock of Work-in-progress ...
    Less : Closing Stock of Work-in-progress ...
    Works Cost ...
    Add : Office and Administrative Overheads : ...
    Office Salaries ...
    Director’s Fees ...
    Office Rent and Rates ...
    Office Stationery and Printing ...

    (Contd...)
    Introduction 1.31

    Particulars Total cost Cost per unit


    ` `

    Sundry Office Expenses ...


    Depreciation and Repairs of Office Equipment ...
    Depreciation of Office Furniture ...
    Subscription to Trade Journals ...
    Office Lighting ...
    Establishment Charges ...
    Director’s Travelling Expenses ...
    Postage ...
    Legal Charges ...
    Audit Fees
    Cost of Producti on ...
    Add : Opening Stock of Finished Goods ...
    Less : Closing Stock of Finished Goods ...
    Cost of Goods Sold ...
    Add : Selling and Distribution Overheads : ...
    Advert ising ...
    Showroom Expenses ...
    Bad Debts ...
    Salesmen’s Salaries and Expenses ...
    Packing Expenses ...
    Carriage Outward ...
    Commission of Sales Agents ...
    Counting House Salaries ...
    Cost of Catalogues ...
    Expenses of Delivery Vans ...
    Collection Charges ...
    Travelling Expenses ...
    Cost of Tenders ...
    Warehouse Expenses ...
    Cost of Mailing Literature ...
    Sales Manager’s Salaries ...
    Sales Director’s Fees ...
    Showroom Expenses ...
    Sales Office Expenses ...
    Depreciation and Repairs of Delivery Vans ...
    Expenses of Sales Branches ...
    Cost of Sales (or Total Cost) ...
    PROFIT ...
    Sales ...

    Treatment of Scrap
    In cert ain manufact uring indust ries, scrap arises in t he form of cut t ings, t rimmings, borings from
    met als or t imber, etc. Scrap generally can be sold at a price. The realisable value of scrap is deduct ed
    from factory overheads or factory cost while preparing t he cost sheet . This is shown in t he following
    illustrat ion.

    You might also like