Cost sheet or Statement of C information is set out in the form of a statement, it is called "Cost Sheet". It is usually adopted when there is only one main product and all costs almost are incurred for that product only. The information incorporated in a cost sheet would depend upon the requirement of management for the purpose of control. Specimen of Cost Sheet or Statement of Cost Total Cost Rs. Cost per Unit RS. XOOX Direct Materials Direct Labour xxx XXX xxx Prime cost Xxx Xxx XXX XOX xxx XXX Add: Works Overheads Works Cost Add: Administrative Overheads Cost of Production Add: Selling and Distribution Overheads Total Cost or Cost of Sales xxx xxx xxx XOOX xxx xxx xocx XOOX 540 500 Illustration 2: Calculate Prime Cost, Factory Cost, Cost of Production, Cost of Sales and profit from the following particulars: Rs. Rs. Direct Materials 1,00,000 Consumable stores 2,500 Direct Wages 30,000 Manager's Salary 5,000 Wages of Foreman 2,500 Directors' fees 1,250 Electric power 500 Office Stationery 500 Lighting: Factory 1,500 Telephone Charges 125 Office Postage and Telegrams 250 Storekeeper's wages 1,000 Salesmen's salary 1,250 Oil and water 500 Travelling expenses 500 Rent: Factory 5,000 Advertising 1,250 Office 2,500 Warehouse charges 500 Repairs and Renewals: Sales 1,89,500 Factory plant 3,500 Carriage outward 375 Transfer to Reserves 1,000 Dividend 2,000 Discount on shares written off Depreciation: Factory Plant 500 Office Premises 1,250 500