7/3/13

Cost Sheet

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Discussion > Accounts > Cost Accounts > Cost Sheet Pages : 1 2 3
Posted 5 years ago There are 23 Replies to this message

Dinesh Student [ Scorecard : 171]

Can any one upload a proforma of the Cost Sheet. I am having a doubt whether the administration overheads should come before or after the adjustments for the opening and closing stock of finished goods. Please clarify and thanks in advance

Like Posted 5 years ago

12

pRaSoOn Articled assistant [ Scorecard : 500]

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) *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** ***

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7/3/13

Profit (balancing figure) Sales Notes:1) Factory Over Heads are recovered as a percentage of direct wages

Cost Sheet

*** ***

2) Administration Over Heads, Selling and Distribution Overheads are recovered as a percentage of works cost.

Total thanks : 3 times

Posted 5 years ago

What is the difference between the cost of goods sold and cost of sales

Total thanks : 1 times Dinesh Student [ Scorecard : 171]

Posted 5 years ago

pRaSoOn Articled assistant [ Scorecard : 500]

Cost of goods sold depicts the cost of goods still in the company which are completely ready for despatch. It includes all internal costs incurred in the company to make the good ready. Cost of sales depicts the final cost of the product. It also includes the expenses incurred on the product to shift it from company in the general market and to client's place therefrom. I hope your query would have been solved. Puri costing ki classes yahi kar lega kya yaar....ha ha

Total thanks : 1 times

Posted 5 years ago

G.E.Sudarsan Students [ Scorecard : 20]

If a private limited company must have minimum paid up capital of Rs.2,00,000/is it correct?

Posted 4 years ago

i want cost sheet format in excel

(Guest)

Posted 4 years ago

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7/3/13

Cost Sheet

Originally posted by :Guest

Umesh Dumaniya student [ Scorecard : 29]

"

i want cost sheet format in excel

"

Posted 4 years ago

hey can u give me format of transfer pricing audit cost plus method
(Guest)

Posted 4 years ago

Originally posted by :Guest

(Guest)

"
Originally posted by :Guest " i want cost sheet format in excel " somin dumaniya server base soft som

"

Posted 4 years ago

(Guest)

Can any body guide me on ---- treatment of "donation in cash or kind " in the cost sheet.? like a pharma manufacturing company donates free samples to hospitals amd clinics to boost its sales. Now can we include this as --- Selling and Distribution Expense. And id this company gives cash donation then -should we adjust this amount under Office expenses. Please guide on this aspect.

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dhruv agrawal

7/3/13
dhruv agrawal Retainership for cost accountant Standard cost valuation Now cost accountant will come in definition of "accountant" Presentation of balance sheet as per revised schedule vi Balance sheet of infosys in revised schedule-vi format C ompany accounts cost and management accounting notes P and L and B sheet account grouping for society accounts Balance sheet of chemfab alkalis ltd in new sch.vi format Balance sheet and profit and loss account for professional

Cost Sheet
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