Cost Sheet Format

Cost Sheet Format
Per Unit(optional)
A. Direct Material
Add Opening Stock of Raw Material
Add Purchase of RM
Less Closing stock of RM
Raw Material Consumption
Add Transport & Octroi
Add Handling and Taxes
B. Direct Labor
Add Production wages
Add Labor payment
C. Direct Expenses
Add Production Design Cost
Add Royalty
Add Production Licenses
D. Prime Cost (A+B+C)
Add Factory Overheads
Less Sale of scrap
E. Gross Factory Cost
Add Opening WIP stock
Less Closing WIP stock
F. Net Factory Cost
Add Office and Admin Expenses
G. Cost of Production
Add Opening stock of FG
Less Closing stock of FG
Add Sales & Distribution Expenses
I. Cost of sales
Add Profit/ Less Loss
J. Sales

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