Cost Sheet

Drawing Office Salary is a ________ overhead.

• factory

• administrative

• selling

• distribution

________ is a direct cost.

• Wages to supervisor

• Power

• Prime Cost

• Salaries

Cost of Sales = _________ + Selling & Distribution Overheads

• Cost of Goods Sold

• Cost of Production

• Adjustment of Finished Goods Inventory

• Sales

Cost of rectification is a __________ overhead.

• Factory

• Administrative

• Selling

• Distribution

_________ is not recorded in the Cost Sheet.

• Primary packing materials

• Interest

• packing charges

Which of the following is not a Direct Expense?

• Royalty

• Hire Charges of a Plant

• Special Designing cost

To calculate the cost per unit of Cost of Goods Sold, we divide the total with Quantity Produced

• True

• False

Calculate the Raw materials consumed if Op St of RM is Rs 12000, Purchases is 105000, returns to supplier is 1500 & Cl St is 1200

• 113400

• 114300

• 105000

Manufacturer pays for technical directors salary. It will be classified as _______

• Factory overheads

• Administrative Overheads

• Selling Overheads

Cost of Production and adjustment of Cl St of FG is _____________

• Net Work Cost

• Cost of Goods Sold

• Cost of Sales