Cost Sheet

​Units
produced........

Particulars Total cost Cost per

Rs. unit
Rs.
Opening Stock of Direct Raw Materials XXXXX
​ urchases ​... ...
Add : P XXXX
Add : C ​ arriage Inward ​... ... XXX
Add : O​ ctroi, Customs Duty and other expenses on purchases XXX
... .
XXXXXX
XXXXX
Less : ​Closing Stock of Direct Raw Materials

XXXXXX
​ ost of Direct Materials
C XXXXX
Consumed XXXXX

Direct or Productive Wages ​... ... XXXXX

Direct (or Chargeable) Expenses
​Prime
Cost
Xxxxx
Add : Works or Factory Overheads Xxxxx
Xxxxx
Indirect Materials Xxxxx
Indirect Wages Xxxxx
Leave Wages Xxxxx
Overtime Premium Xxxxx
Fuel and Power Xxxxx
Coal Xxxxx
Factory Rent and Taxes
Xxxxx
Insurance
Xxxxx
Factory Lighting
Supervision Xxxxx
Works Stationery Xxxxx
Canteen and Welfare Expenses Xxxxx
Repairs Xxxxx
Haulage ​(​the commercial transport of goods) Xxxxx
Works Salaries Xxxxx
Depreciation of Plant & Machinery Xxxxx
Works Expenses Xxxxx
Gas and Water xxxxx
Technical Fees xxxxx
Laboratory Expenses
XXXXX
Works Telephone Expenses
Internal Transport Expenses xxxxxx

XXXXXX
xxxxxx
Less : ​Sale of Scrap

xxxxxx
​ pening Stock of Work-in-progress
Add : O

Less : ​Closing Stock of Work-in-progress ​... XXXXXX

​Works
Cost
Xxxxx
Xxxxx
Add : Office and Administrative Overheads Xxxxx
Xxxxx
Office Salaries Xxxxx
Director’s Fees Xxxxx
Office Rent and Rates Xxxxx
Office Stationery and Printing Xxxxx
Sundry Office Expenses Xxxxx
Depreciation and Repairs of Office Equipment Xxxxx
Depreciation of Office Furniture Xxxxx
Subscript ion to Trade Journals
Xxxxx
Office Lighting
Xxxxx
Establishment Charges
Director’s Travelling Expenses Xxxxx
XXXXX
Postage _______
Legal Charges
Audit Fees

​Cost of
Production

Add :​ Opening Stock of Finished Goods

Less ​: Closing Stock of Finished Goods

​Cost of
Goods Sold Xxxxx
xxxxx
Add :​ ​Selling and Distribution Overheads
Xxxxx
xxxxx
Advertising
xxxxx
Showroom Expenses
xxxxx
Bad Debts
Salesmen’s Salaries and Expenses xxxxx
Packing Expenses xxxxx
Carriage Outward xxxxx
Commission of Sales Agents xxxxx
Counting House Salaries xxxxx
Cost of Catalogues xxxxx
Expenses of Delivery Vans xxxxx
Collect ion Charges xxxxx
Travelling Expenses
Cost of Tenders xxxxx
Warehouse Expenses xxxxx
Cost of Mailing Literature xxxxx XXXXX
Sales Manager’s Salaries xxxxx ​Xxxxxx
Sales Director’s Fees xxxxx
Showroom Expenses xxxxxx Xxxxxx
Sales Office Expenses _______ _________
Depreciation and Repairs of Delivery Vans
Expenses of Sales Branches XXXXXX

​Cost of Sales (or Total

Cost)

PROFIT

Sales

XXXXX
_________
_
XXXXX

XXXX
_________

​XXXXX

In the above format, we have assumed that the cost sheet is being prepared for a month.
However, the period of a cost sheet may vary according to the preference of the
company, i.e., it can be made for a week, a month, a quarter or a year.

We can also determine the rate of profit, with the help of a cost sheet or a cost
statement, if the sales price is known to us.