Model: Cost sheet with the following columns: Total cost, % to Total cost, Cost/unit
The following particulars have been extracted from the books of a manufacturing company for the month of December 2009
|
Stock of materials as on 1 December 2009 |
40,000 |
|
Stock of materials as on 31 December 2009 |
50,000 |
|
Materials purchased during the month |
2,00,000 |
|
Drawing office salaries |
9,000 |
|
Counting house salaries |
9,000 |
|
Carriage on purchases |
7,000 |
|
Carriage on sales |
4,000 |
|
Cash discount allowed |
2,750 |
|
Bad debts written off |
3,000 |
|
Repairs of plant, machinery and tools |
8,000 |
|
Rent, rates, taxes and insurance (factory) |
4,000 |
|
Rent, rates, taxes and insurance (office) |
600 |
|
Travelling expenses |
3,000 |
|
Traveller’s salaries and commission |
10,000 |
|
Productive wages |
1,20,000 |
|
Depreciation written off on plant, machinery, tools |
6,000 |
|
Depreciation written off on office furniture |
400 |
|
Director’s fees |
5,000 |
|
Gas and water charges (factory) |
1,000 |
|
Gas and water charges (office) |
250 |
|
General charges |
4,750 |
|
Manager’s salary |
18,000 |
Out of 48 working hours in a week, the time devoted by the manager to the factory and office was on an average 40 hours and 8 hours respectively. 1,00,000 units were produced and sold. There was no opening and closing stock of it.
You are required to prepare a cost sheet showing:
- Cost of materials consumed
- Prime cost
- Works overhead
- Works cost
- Office and administration overhead
- Cost of production
- Selling and distribution overhead
- Cost of sales
Each with percentage to total cost and cost per unit.
Cost Sheet for the Month of December 2009