Cost Accounting

Statement of Cost / Cost Sheet

MATERIAL USED :
Opening Stock Materials..***
(+) Material Purchased...***
***
(-) Closing Stock Materials...***
Cost of Materials......***
DIRECT LABOR: ..***
DIRECT EXPENSES (If Any):
Carriage Inward.....................**
Import Duty...**
***
Prime Cost***
FACTORY/MANUFACTURING OVERHEAD:
Factory Rent..**
Factory Repairing Cost..**
Factory Insurance..**
Factory Electricity & Lighting..**
Depreciation..**
Other Factory Expenses....**
***
MC/PC/WC.....................***
(+) Opening W.I.P.***
(-) Closing W.I.P..***
Cost of Manufactured..***
(+) Opening Finished Goods***
(-) Closing Stock Finished Goods***
Cost of Goods Sold.***
ADMINISTRATIVE OVERHEAD:
Directors Salary**
Office Stuffs Salary..**
Office Rent...**
Electricity Cost of Office**
Other Office Expenses.**

MC = Manufacturing Cost
PC = Production Cost
WC = Works Cost
W.I.P = Work in Progress/Process

***

SELLING & DISTRIBUTIVE OVERHEAD:

Sales Man Stationary....**
Advertisement Expenses..**
Sales Man Commission....**
Show-room Expenses...**
Packing Charge**
Carriage Outward.**
***
TOTAL SELLING OF GOODS SOLD..***
PROFIT***
SELLING PRICE...***