Costing

vanitha (Senior Executive - Accounts) (49 Points)

18 December 2008

can any one help in sending the caculation of cost sheet . (Need to calculate for 1 project what is the expenses

total expenses company has spent. i.e salary, rent, printing & stationery etc

thanks

vanitha

Reply
Follow
Share

4 Replies

Chandrashekhar Azad (Chartered Accountant) (45 Points)
Replied 22 December 2008

Hi,

For making the cost sheet you have to bifurcate the expenses in Direct cost and Indirect cost.

Like salaries, printing & stationary all these expenses come under the company overheads.(Indirect cost).

So total expenses will inculde the (Direct Cost + Indirect cost)

GURVINDER SINGH (ACCOUNTS MANAGER) (231 Points)
Replied 25 May 2009

COST SHEET

+	O/S OF RAW MATERIAL	…….
…….
+	CARRIAGE/ FRIEGHT ON PURCHASE	…….
-	CLS STOCK OF RAW MATERIAL	…….

	*RAW MATERIAL CONSUMED*


+	DIRECT WAGES/DIR LABOUR/ FACTRY LABUR/ PROD WAGES	…….

	*PRIME COST*

+	FACTORY OVERHEADS	…….

	*TOTAL WORK COST*

+	O/S OF WORK IN PROGRESS	…….

-	C/S OF WORK IN PROGRSS	…….

-	SALE OF SCRAP	…….

	*WORK COST*

+	OFFICE & ADMINISTRATIVE EXP	…….

	*COST OF PRODUCTION*

+	O/S OF FINISHED GOODS	…….

-	C/S OF FINISHED GOODS	…….

	*COST OF GOODS SOLD*

+	SELLING AND DISTRIBUTION EXP	…….

	*COST OF SALE/TOTAL COST*