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BCOMH - CMA - Unit2 - Cost Sheet

Cost and management accounts

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aniketkapoor212023
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12 views8 pages

BCOMH - CMA - Unit2 - Cost Sheet

Cost and management accounts

Uploaded by

aniketkapoor212023
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Format of Cost Sheet with Raw Materials, WIP &

Finished Goods
Particulars Amount
Opening Stock of Raw Material --------
+ Purchase of Raw Material --------
--------
- Closing Stock of Raw Material --------
Direct Material Consumed --------
Direct Labour --------
Direct Expenses --------
Prime Cost --------
+ Factory Overheads / Work Overheads --------
Gross Work Cost --------
+ Opening WIP --------
--------
- Closing WIP --------
Factory Cost / Work Cost --------
Format of Cost Sheet with Raw
Materials, WIP & Finished Goods
Particulars Amount
Factory Cost / Work Cost --------
+ Administrative Overheads --------
Cost of Production / Cost of Finished Goods --------
+ Opening Stock of Finished Goods --------
--------
- Closing Stock of Finished Goods --------
Cost of Goods Sold --------
+ Selling and Distribution Overheads --------
Cost of Sales --------
+ Profit --------
Sales / Sale Price (Total) --------
Question
Particulars Amount
Opening Stock of Materials 42000
Purchase 96000
Closing Stock of Materials 18200
Direct Labour 26000
Direct Expenses 18000
Unproductive Wages 14600
Factory Overheads 12900
Office Overheads 8700
Selling Overheads 6750
Sales 346000

Unproductive Wages to be put under factory overheads.


Cost Sheet
Particulars Amount
Raw Material Consumed
Opening Stock 42000
+ Purchases 96000
138000
- Closing Stock 18200 119800
Direct Labour 26000
Direct Expenses 18000
Prime Cost 163800
+ Factory Overheads 12900
+ Unproductive Wages 14600 27500
Work Cost 191300
Cost Sheet
Particulars Amount
Work Cost 191300
+ Office Overheads 8700
Cost of Production 200000
+ Selling Overheads 6750
Cost of Sales 206750
Profit 139250
Sales 346000
Question
Particulars Amount
Opening Stock of Materials 62000
Closing Stock of Materials 14600
Opening Stock of WIP 8000
Closing Stock of WIP 2900
Opening stock of Finished Goods 4800
Closing stock of Finished Goods 3900
Purchases 46000
Direct Labour 12000
Work Overheads 8600
Office Overheads 4700
Selling Overheads 3900
Sales 210000
Cost Sheet
Particulars Amount
Raw Material Consumed
Opening Stock 62000
+ Purchases 46000
108000
- Closing Stock 14600 93400
Direct Labour 12000
Prime Cost 105400
+ Works Overheads 8600
Gross Work Cost 114000
+ Opening WIP 8000
122000
-Closing WIP 2900
Factory Cost 119100
Particulars Amount

Factory Cost / Work Cost 119100

+ Office Overheads 4700

Cost of Production / Cost of Finished Goods 123800

+ Opening Stock of Finished Goods 4800

128600

- Closing Stock of Finished Goods 3900

Cost of Goods Sold 124700

+ Selling Overheads 3900

Cost of Sales 128600

Profit 81400

Sales / Sale Price (Total) 210000

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