Particular Amount Amount

Direct Materials Consumed

Opening Stock of Material
Add:
Purchases
Carriage Inward
Less:
Closing Stock of Material
Direct Wages/Labour
Direct Expenses

Prime Cost
Add: Factory Overheads
Fuel, Power and Water(Factory)
Lighting and Heating
Indirect Materials
Indirect Labour
Drawing office Expenses
Depn. of Plant,machinary & BLDG.
Works/Factory manager's salary
Rent,taxes and insurance(Factory)
Less:
Scrap Value of defective Work
Add:
Opening stock of WIP
Less:
Closing Stock of WIP

Factory/works Cost (Prime Cost + Factory Overheads)

Add: Office and Admin. Expenses
Admin Expense
Rent,insurance, Lighting and cleaning
Office salaries
Telephone and internet expense
Law Charges
Audit Fees
Printing and Stationary
Depn. of office furniture & BLDG.
Directors renumeration(Technical director will fall under Factory overheads
General/office Managers Salary
Cost of Production
Add: Opening Stock of Finished Goods
Less: Closing Stock of Finished Goods
Cost of Goods Sold
Add: Selling and Distribution Expenses
Showroom Expenses
Salesmen Salaries
Salesmen Commission
Bad Debts
Discounts
Sales office rent and other expense
Carriage outwards
Cost of Sales
Net Profit
Sales
Cost/Unit