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    Statement of Cost: Particulars Amount

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    Piyush Narula
    This document outlines the costs involved in manufacturing a product including direct materials, labor, and expenses to calculate prime cost. It then adds factory overheads and accounts for work in progress to determine the works/factory cost. Finally, it factors in administrative overheads, opening and closing finished goods, selling and distribution overheads, and profit to calculate the total sales/selling price.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Statement of Cost: Particulars Amount

    Uploaded by

    Piyush Narula
    51 views1 page
    This document outlines the costs involved in manufacturing a product including direct materials, labor, and expenses to calculate prime cost. It then adds factory overheads and accounts for work in progress to determine the works/factory cost. Finally, it factors in administrative overheads, opening and closing finished goods, selling and distribution overheads, and profit to calculate the total sales/selling price.

    Original Description:

    Cost sheet

    Original Title

    Cost Sheet

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    This document outlines the costs involved in manufacturing a product including direct materials, labor, and expenses to calculate prime cost. It then adds factory overheads and accounts for work in progress to determine the works/factory cost. Finally, it factors in administrative overheads, opening and closing finished goods, selling and distribution overheads, and profit to calculate the total sales/selling price.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    51 views1 page

    Statement of Cost: Particulars Amount

    Uploaded by

    Piyush Narula
    This document outlines the costs involved in manufacturing a product including direct materials, labor, and expenses to calculate prime cost. It then adds factory overheads and accounts for work in progress to determine the works/factory cost. Finally, it factors in administrative overheads, opening and closing finished goods, selling and distribution overheads, and profit to calculate the total sales/selling price.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Statement of Cost

    Particulars Amount
    Direct Materials xxx
    Direct Labour xxx
    Direct Expenses xxx
    PRIME COST xxx
    Add:
    Factory Overheads xx
    Plus Opening WIP xx
    Minus Closing WIP xx xxx
    WORKS/FACTORY COST xxx
    Add:
    Office & Administrative Overheads xxx
    COST OF PRODUCTION xxx
    Add:
    Opening Finished Goods xxx
    xxx
    Minus:
    Closing Finished Goods xxx
    COST OF GOODS SOLD xxx
    Add:
    Selling & Distribution overheads xxx
    COST OF SALES xxx
    Add: Profit xxx
    SALES/SELLING PRICE xxx

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