cost sheet template
Cost Sheet Template
The objective of any cost accounting, costing, and cost sheet, is simple; derive the cost of goods based upon the cost that has been incurred to manufacture those goods.
- The first option is of course the prime cost. In the prime cost, all the costs that are directly arising in the production are included. This consists of all the labor that works on the job, and the raw material that is purchased. In cases where machines are used, power supply for the same in terms of machining hours is considered.
- The second section is of the production cost or the factory cost. Expenses arising within the factory right from rent to depreciation are included in the factory cost.
- The third section is the office cost. This section consists of all managerial and administrative costs, plus some taxes and duties. Research and development is considered in the office cost, owing to the fact that its expenditure is not directly included in the cost of production. Cost of research is a one-time cost, and hence, it would be divided and levied on all cost sheets.
- Sales cost connotes all the costs that are included in the sales operations. This will include advertising and marketing expenditures.
Cost Sheet for... | ||
1. | Prime Cost | Amount in $ |
1.1 | Direct material | $... |
1.2 | Direct labor | $... |
1.3 | Direct power/fuel as per machine hours | $... |
1.4 | Total | $... |
2. | Factory Cost | Amount in $ |
2.1 | Rent | $... |
2.2 | Foreman salary | $... |
2.3 | Power supply cost | $... |
2.4 | Lubrication | $... |
2.5 | Maintenance | $... |
2.6 | Labor salary | $... |
2.7 | Taxes and Excise | $... |
2.8 | Factory administration cost | $... |
2.9 | Machine costs as per machine hours | $... |
2.9 | Depreciation | $... |
2.10 | Total | $... |
3. | Office Cost | Amount in $'s |
3.1 | Administrative costs | $... |
3.2 | Accountant and Clerk salary | $... |
3.3 | Taxes | $... |
3.4 | Operational costs (e.g.: stationery) | $... |
3.5 | Officers Salary | $... |
3.6 | Management salary | $... |
3.7 | Research and development cost | $... |
3.8 | Depreciation | $... |
4. | Sales Cost | Amount in $'s |
4.1 | Marketing costs | $... |
4.2 | Advertising | $... |
4.3 | Sales commission | $... |
4.4 | Sales tax and duties | $... |
4.5 | Operational cost of sales | $... |
5 | Profit (in %) | $... |
6 | Final tax | $... |
7 | Total | $... |