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Formatted Cost Sheet Question 22

The cost sheet outlines the total costs associated with production, including raw materials, direct wages, and factory overheads, resulting in a net factory cost of Rs. 8,30,000. After accounting for office and admin expenses, the total cost of production is Rs. 9,03,000, leading to a cost of goods sold (COGS) of Rs. 9,33,000. Including selling and distribution expenses, the total cost of sales is Rs. 9,58,000, with a final sales figure of Rs. 11,49,600 after adding a profit margin.

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16 views2 pages

Formatted Cost Sheet Question 22

The cost sheet outlines the total costs associated with production, including raw materials, direct wages, and factory overheads, resulting in a net factory cost of Rs. 8,30,000. After accounting for office and admin expenses, the total cost of production is Rs. 9,03,000, leading to a cost of goods sold (COGS) of Rs. 9,33,000. Including selling and distribution expenses, the total cost of sales is Rs. 9,58,000, with a final sales figure of Rs. 11,49,600 after adding a profit margin.

Uploaded by

milankc3888
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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COST SHEET

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Particulars Amount (Rs.)
-----------------------------------------------------------
Opening Stock of Material 40,000
Add: Purchase of Material 4,00,000
Add: Carriage on Purchase 20,000
Add: Custom Duty 10,000
-------
4,70,000
Less: Closing Stock of Material (60,000)
-------
Cost of Raw Material Consumed 4,10,000
Add: Direct Wages 2,00,000
Add: Chargeable Expenses 80,000
-------
Prime Cost 6,90,000
-------
Add: Factory Overheads:
- Indirect Material 20,000
- Factory Rent 40,000
- Depreciation on Factory Machinery 20,000
-------
80,000
-------
Factory Cost 7,70,000
Add: Opening Work-in-Progress 80,000
Less: Closing Work-in-Progress (20,000)
-------
Net Factory Cost 8,30,000
-------
Add: Office & Admin Expenses:
- Depreciation on Office Furniture 30,000
- Legal Fees 25,000
- Audit Fees 18,000
-------
73,000
-------
Cost of Production 9,03,000
Add: Opening Stock of Finished Goods 1,00,000
Less: Closing Stock of Finished Goods (70,000)
-------
Cost of Goods Sold (COGS) 9,33,000
-------
Add: Selling & Distribution Expenses:
- Depreciation on Delivery Van 10,000
- Carriage Outward 15,000
-------
25,000
-------
Cost of Sales 9,58,000
Add: Profit (20% on cost) 1,91,600
-------
Sales 11,49,600
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