Management Accounting By Paresh Shah Oxford University Press Chapter No.

7 Chapter Name Job And Batch Costing

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Cost Sheet Amt. (Rs.) Materials Wages Dept A = Dept B = Overheads Total Cost of a Job 0 0

Factory Overheads Charged to Job Particulars Rent Factory Overheads other than rent Total

Job Cost Sheet Particulars Material Labour Machining department Assembly department Finishing department Prime cost Factory overhead Machining department Assembly department Finishing department Factory cost General administration Total costs Profit 10% on total cost Selling Price Job no. A 100 Rs. Job no. B 200 Rs.

0 0

0 0.00

order quantity price per order Cost Sheet Particulars Materials Labour: Blanking Dept Machining Dept Welding Dept Assembly Dept Direct expenses: Hire of special equipment Prime cost Production overhead: Blanking Machining Welding Assembly Factory cost Selling and administration overheads Total cost cost per order profit per order Rs.

Rs.

0 0

0 0 0 0.000 0.000

Job cost sheet for the year ending Dec. 31 2006

Particulars Direct materials Direct wages Prime cost Factory overheads Works cost Administration overheads Cost of production Selling and distribution overheads Cost of sales Profit Sales Rs.

0 0 0 0 0

Estimated job cost sheet for 2007

Particulars Direct material Direct labour Prime cost Factory overheads Works cost Administration overheads Total cost of production Selling and distribution overheads Cost of sales Profit Price to be quoted for the jobs Rs.

0 0 0 0 0

Statement of factory cost Particulars

Halsey plan Rs.

Rowan plan Rs.

Materials Direct wages Prime cost Add factory overheads Factory cost

0 0

0 0

Overall Position of the Order Units = Rs. Sales Value Total Cost Profit

Months Batch output (units) Sales Value(Rs.) Cost of Material (Rs.) Direct Wages (Rs.) Chargeable Expenses (Rs.) Total Cost (Rs.) Total Cost per unit (Rs.) Profit per batch (Rs.) Profit per unit (Rs.)

Jan. 1.00 0.00

Feb. 1.00 0.00

Cost Sheet For Six months ending 30th March 1.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

or Six months ending 30th June April 1.00 0.00

May 1.00 0.00

June 1.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

Total 6.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cost Sheet Particulars Production (units) Direct Material Direct Labour Prime Cost Overheads: Fixed Variable Semi-variable Total Cost Profit Sales Average selling price per unit Rs. 3 months Rs. 9 months Rs. Total for the year 0 Rs. 0 0 0 0 0 0 0 0

Cost sheet showing cost and profit per unit of batch October November December Batch (Units) 1 1 1 Sales Value Materials Costs Labour Costs Overheads Total Cost 0 0 0 Total Profit 0 0 0 Cost per unit 0 0 0 Profit per unit 0 0 0

Statement of Cost and Profit Rs.

Opening stock of Raw Materials Add: Purchase of Raw materials 0 Less: Closing stock of Raw materials 0 Add: Carriage inward Materials Consumed Wage Prime Cost Factory Expenses Works managers salary Factory employees salaries Factory rent, taxes and insurance Power expenses Other production expenses Opening work in progress Less Closing work in progress General Expenses Cost of Production Add: Opening stock of Finished Goods Less: Closing Stock of Finished Goods Cost of Goods Sold Selling Expenses Sales Tax Cost of Sale Profit Sales 0 0

Rs.

0 0

0 0 0

0 0