Hi
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
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Costing
Replies (4)
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)
| 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 |
this is the format of cost sheet
THANKS........
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