Cost Sheet

Page no : 2

Mayur (Student) (29 Points)
Replied 12 May 2009

Originally posted by :pRaSoOn
"	Dinesh...i have uploaded a file relating to cost-sheet format. You can download it from there. I hope it wil help you. Waise i will paste it here too:- Particulars Amount Amount Opening Stock of Raw Material Add: Purchase of Raw materials Add: Purchase Expenses Less: Closing stock of Raw Materials Raw Materials Consumed Direct Wages (Labour) Direct Charges * * * * * * * Prime cost (1) * Add :- Factory Over Heads: Factory Rent Factory Power Indirect Material Indirect Wages Supervisor Salary Drawing Office Salary Factory Insurance Factory Asset Depreciation * * * * * * * * Works cost Incurred * Add: Opening Stock of WIP Less: Closing Stock of WIP * * Works cost (2) * Add:- Administration Over Heads:- Office Rent Asset Depreciation General Charges Audit Fees Bank Charges Counting house Salary Other Office Expenses * * * * * * * Cost of Production (3) * Add: Opening stock of Finished Goods Less: Closing stock of Finished Goods * * Cost of Goods Sold * Add:- Selling and Distribution OH:- Sales man Commission Sales man salary Traveling Expenses Advertisement Delivery man expenses Sales Tax Bad Debts * * * * * * * Cost of Sales (5) * Profit (balancing figure) * Sales *** Notes:- 1) Factory Over Heads are recovered as a percentage of direct wages 2) Administration Over Heads, Selling and Distribution Overheads are recovered as a percentage of works cost.	"

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Madhav Gupta (Article Assistant) (32 Points)
Replied 20 June 2009

Counting House is a British term used before the 20th Century. It relates to any place( as in room, hall, center etc) where any accounting work is done. Therefore in Cost Accounting one can say that it will come under Office & Adminstration expenses.

vijay (.) (212 Points)
Replied 19 July 2009

Drawing office salary is given to the Engineers who make the design for the product. hence it is cosidered as Factory Cost.

Regards

vijay Kumar

B b Bisoyi (DGM) (21 Points)
Replied 17 January 2010

Freight and forwarding will come under factory overheads or administrative overheads?

Abhimanyu Agarwal (Articleship) (68 Points)
Replied 01 February 2010

it will come b4 adjustments

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Joginder (Service) (36 Points)
Replied 04 February 2010

Question

I am working in a Garment trading company who import fabric from china and sale in in India. So my question is, can we treat Godown expenses as Factory while we are not manufacturing anything.

Regards,

Joginder

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