Example of Cost Sheet1.

The account of
Chintu
Manufacturing
Company for the November 2010 shows as followings:
Particulars Amt Rs. Particulars Amt Rs.
Drawing Office Salaries 6,500 Materials Purchased 185,000Counting House
Salaries 12,600 Travelling Expenses 2,100Carriage Out Wards 4,300 Traveler’s
Salary 7,700Carriage On Purchase 7,150 Bad Debt (written off) 6,500Repairs of
Plant , Machine 4,450 Rent ,Rates ,Taxes & insurance Sales 4,61,100 -

Factory 8,500Stock Of Material -

Office 2,000-

1
st
November 62,800 Productive wages 126,000-

30
th
November 48,000 Depreciation on Plant 6,500Director’s Fees 6,000 Gas & Water
Manger’s Salary (3/4 relates with Factory)10,000 -

Factory 1,200General Expenses 3,400 -

Office 400Dep on furniture 300 -

Prepare a statement giving the following s:a.

Material consume db.

Prime Costing

Work Costing

Total Costing
Net Profit.(Mat. Consumed- 206950, Prime Cost- 3, 32,950, Factory Cost- 367,600
, Total Cost 4,15,400)2.

In the factory, two types of Radios are manufactured viz. Sony & Samsung .From
the following particulars, prepare a statement showing the cost & profit per radio
sold.
Particulars Sony Rs .Samsung Rs.
Materials 27,300 1,08,680Labour 15,600 62,920Work over heads is charged at 80
% on labor and office overhead is taken at 15% on work cost. The selling price of
both radios is Rs. 1000. The numbers of Radios sold were Sony -78 &Samsung-
286.

3.

M/s. Cham pak Lal Manufacturing co. Ltd. Intends to submit a tender. You are
given the following particulars :Stock of finished goods as on 31
st
Sec. 2009 Rs. 72,800Stock of Raw material as on 31
st
Dec.2009 Rs. 33,280Purchase of Raw Materials Rs. 7, 59,200Productive wages Rs.
5, 16,880Sales of finished goods Rs. 15, 39,200Works Overhead Expenses Rs. 1,
29,220Office Overhead expenses Rs.70, 141Stock of finished goods as on 31
Dec.2010 Rs. 78,000Stock of raw material as on 31Dec.2010 Rs.35,360I)

From the above details prepare cost sheet .II)

The percentage of work on cost to productive wages III)

The percentage of office on cost to work cost IV)

Based on the above information of percentage prepare statement showing amount

of tender for manufacturing a plant ,considering the following information :a.

Cost of raw material to be consumed Rs. 25,000b.

Wages to be paid Rs. 31,200c.

The company intends to earn the net profit of 20 % on selling price.

4.
The followings figures have been obtained from the record of a company for the
year ranged 31December 2010.Direct Materials Rs.120, 000Direct wages Rs.100,
000Work Overheads Rs.60, 000Administrative Overheads Rs. 67,200Selling
Overheads Rs.44, 800Distribution Overheads Rs.28, 000Profit Rs.105, 000A work
order has been executed in March 2011 and the following expenses have been in
curried Direct Materials Rs.2000Direct Wages Rs.1000Assuming that in year
2011, the rate of works overheads has gone up by 20% .Administration &selling
overheads have gone up by 12.5%, while distribution overheads have gone up by
10%.At what price should the product be sold so as to earn the same rate of profit
on the selling price?