Cost Sheet for the period end

Units Produced = 30000 PER MONTH Units Sold = 26000

PARTICULARS TOTAL COST COST/UNIT

DIRECT COST:
Direct Material (Raw Material Consumed)
Opening Stock of Raw Material 378000 12.6
Add: Purchases 11055627 368.52
Add: Carriage inward, Freight Inward & custom duty 120000 4
0
Less: Closing Stock of Raw Material -468720 -15.624
Direct Wages 782100 26.07
Direct Expenses - -
PRIME COST 11867007 395.57

INDIRECT COST
WORKS OR FACTORY OVERHEADS
Indirect Materials 43380 1.45
Indirect Wages 317008.666667 10.57
Leave/Overtime Wages 23580 0.79
Fuel & Motive Power 47000 1.57
Factory Rent & Taxes 23146.67 0.77
Plant, Electric Equiptment, etc. 43279.45 1.44
Factory Lighting & Supervision 60000 2.00
Depriciation on Plant & Machinery 649.013968776 0.02

Less: Sale of Scrap -320000 -10.67

Add: Opening Stock of Work-in-progress 170000 5.67

Less: Closing stock of Work-in-progress -121500 -4.05

9.55
WORKS COST/FACTORY COST 405.12
Add: OFFICE & ADMINISTRATIVE OVERHEADS
Office Salaries 100000 3.33
Office Rent & Rates 8300 0.28
Establishment Charges 2200 0.07
Depreciation on Office Furniture & Building 220 0.01
Office Lighting 3000 0.10

Audit Fees 1500 0.05

1 3.79
COST OF PRODUCTION 408.91

Add: Opening Stock of Finished Goods 240000 8

Less: Closing Stock of Finished Goods -198000 -6.6

COST OF GOODS SOLD 410.31

Add: SELLING & DISTRIBUTION OVERHEADS

Salary & Commission of Salesmen 15006.02 0.50
Advertisiment Charges 6000 0.20
Delivery Vans charges 2000 0.07
Packing Charges 12000 0.40
1.17
TOTAL COST OR COST OF SALES 411.48

PROFIT 11% 45.26

SALES 456.74