WORKING OF COST SHEET

NOTES:

A.1. Material Cost

Sr.no. Particulars

a. Value of opening stock of raw materials

ADD: Purchase made during the year
LESS: Material cleared as such

LESS: Value of Closing stock of raw materials

b Value of Raw Material consumed

LESS: Scrap sale of raw material consumed

Total Value of Raw Material consumed

a. Opening stock of Die Steel

ADD. Die steel Purchased during the year
LESS. Die steel Scrap Sale
Net Die steel Available
LESS. Value of Closing of Die steel
Value of Die Steel Consumed

A.2. Labour Cost

Sr.no. Particulars

a. Salary and Wages of Factory Employees

b. Contribution to Provident Fund & ESI
c. Gratuity & Bonus
d. Leave encashment
e. Medical expenses
f. Reward
g. Overtime payment
h. Labour & Staff welfare

Total

A.3. Direct Expenses:

Sr.no. Particulars

a. Cost of special tools, design, dies etc

b. Electricity and water charges
c. Laboratory & Testing Charges
d. Packing Charges
e. Freight & Carriage Inward
 Sub Total
f. Power
g. Gas & Carbide
h. Oil & Lubricant
i. Furnace Oil

Total

A.4. Indirect Material:

Sr.no. Particulars
a. Stores items/ Sundry consumable stores
b. Repair & Maintaince expenses.
i) land, building, road
ii) Plant & Machinery
iii) Electricals

Total

A.5.
Factory Overhead
Sr.no. Particulars
a. Factory expenses
b. Insurance
c. Security & Service
Total

A.10. Administrative Overheads

Sr.no. Particulars
a. Rates, Fees and Taxes
b. Director remuneration
c. Vehicle, scooter expenses
d. Bookstand Periodical
e. Postage, Telephone expenses & Telegram expenses
f. Legal & Professional Charges
g. General Expense
h. Traveling & Conveyance
I. Repairs
j. Printing & Stationery

Total

A.11. Interest
Sr.no. Particulars
a. Interest on term loans
b. Bank charges/Bank Commission
c. Interest and Bank charges
 Total

A.12 Non Cost

Sr.no. Particulars
a. Share transfer fees
b. Listing fees
c. Share Issue Expenses
d. Interest on Income tax settlement

Total
 Period 2005-07 STATEMENT SHOWING COST OF PRODUCT

SCHEDULE NO 1 S.NO

A.1.
Amount

500
1000 A.2.
-250 A.3.

350 A.4.

1600 A.5.
100
A.6
onsumed 1500

A.7

SCHEDUALE NO. 2
A.8
Amount
A.9
1000

500 A.10
250
100 A.11

1850
A.12
SCHEDULE NO.3

Amount

0
500
500
 1000
300 1300

1800

SCHEDULE NO.4

Amount
5000

200
300
100 600

5600

SCHEDULE NO.5

Amount
500
300

800

SCHEDULE NO. 6

Amount
50
60
120

230
300

760

SCHEDULE NO.7

Amount
230
250
250
 0
730
SCHEDULE NO.8

Amount
STATEMENT SHOWING COST OF PRODUCTION FOR THE YEAR 2005-

PARTICULARS SCH.NO AMOUNT PER MT

Raw Material Consumed 1 1600 1600

LESS: Credit for Scrap Sold 100 0
Total Value of Raw Material Consumed 1500 1600

Labour Cost 2 1850

Direct Cost 3 1800

Prime Cost (A.1+A.2+A.3) 5150

Indirect Materials 4 5600

Factory Overhead 5 800

Depreciation

WIP Stock Adjustment

Work Cost/ Manufacturing Cost (A.4 to A.8) 6400

Administrative Overheads 6

Intersect 7

Cost of Production(A.10 to A.11) 6400

Assessable Rate Per MT

Assessable Rate Per KG