A PROJECT REPORT ON COST SHEET OF LAXMI SOAP
A PROJECT REPORT ONCOST SHEET OF LAXMI SOAP FACTORYCODE NO- 138220592017MBA 2nd SEMSUBMITTED BY :JERRIN RACHEL ALIYASSUBMITTED TO:Mrs SONAM SADHU
INDEXS.NOTOPICPage. No1PREFACE32ACKNOWLEDGEMENT43CONTENT54COST SHEET5COST SHEET ANALYSIS5CONCLUSION9-106BIBLIOGRAPHY116-782
PREFACECost sheet is a statement prepared to show the various elements of costs, like prime cost, factorycost of production and total cost. It is prepared at regular intervals, for example, weekly, monthlyquarterly, yearly, etc. In some cases comparative figures of various periods are also shown in thecost sheet so that assessment can be made about the progress of a business.Cost sheet is a statement of cost showing cost per unit of any product at every level ofproduction. It is important to know at what stage of production we are and what price theparticular production stage has. Cost sheet is a statement of cost. In other words, when costinginformation is set out in the form of a statement it is called a cost sheet. It is usually adoptedwhen only one product is produced and all costs are incurred for that product only. Cost sheetmay be prepared for a week, for a month, quarterly or yearly indicating various components ofcost such as prime cost, works cost, cost of production, cost of goods sold, total cost and alsoprofitability of production.3
ACKNOWLEDGEMENTThis project report is a result of efforts of a number of persons directly or indirectly associated. Iwish to acknowledge our deep appreciation for the valuable suggestion and guidance rendered tome by them which has helped me in completing this project.I am hearty thankful to Mrs Sonam Sadhu, for kindly approving this project work andextending all the co-ordination for this.4
CONTENT:Laxmi Soap Factory was established in the year 1959. But for the Ranglani family, the roots ofsoap manufacturing are traceable to the year 1921. Sheth Thakurdas Ranglani was based inKarachi when he initially started a soap-manufacturing unit . After partition, Thakurdas migratedto India and started a manufacturing unit in the year 1948.The company manufactures Laundry Detergent, Detergent Cake, Detergent Powder / DishScouring bar and Toilet Soap / Laundry Soap / Multipurpose Soap and Essance Sticks(Agarbatti)also have their own Sulfonation plant. The company intends to go in for the manufacture of toiletsoaps. As Mr.Girish puts it, "Ambitious plans are on the anvil inspite of stiff competition fromall types of manufacturers, big and small."5
COST SHEETUNITS OF PRODUCTION 170000PARTICULARPRICEPER UNIT PRICETOTALDIRECT MATERIAL5.81000000Acids1.76300000Speciality chemicals1.47250000Ordinary Direct expense3.11530000Prime Power1.02175000Insurance0.88150000Supervisors salary0.3560000Electricity0.4170000Running exp. Of machine.58100000Direct labourFactory overheads :Fixed:Variable:6
Work cost/ factory cost20.695039500Office overheads:Employee Taxes0.2440000Carriage out ward0.1220000Cost of production27.626229500Other exp.opening stock of finished goods-Closing stock of finished goodsCost of goods livery vehicles2.06350000Petrol1.031750000.350500Cost of sales / total 00Selling & distribution overheads:Packaging rates7
COST SHEET ANALYSISInformation: Selling & distribution overheads:AdvertisementDelivery vehiclesPetrolPackaging rates Depreciation Rent 1.02250000100000175000With the help of factory overhead , administration overhead & selling and distributionoverhead we can characterise the cost sheet and the total sales of laxmi soap factory is10551700.With the help of this information we can easily identify : Pvr Breakeven point in rupees Breakeven point in units8
CONCLUSION :- PVR Cost/ sales 7405000/ 10551700 0.70Note:- to better understanding we can say that PVR is 70%. Breakeven point (rupees) fixed cost/ PVR 735000/ 0.70 1050000Fixed cost include 00Insurance0.88150000Supervisors salary0.35600009
Breakeven point (Unites) fixed cost/ cost 735000/7405000 0.099 Margin of safety Ratio profit/ PVR 3146700/0.70 4495285.710
BIBLIOGRAPHY:- http://icabtutorial.com/costsheet-format/ http://www.moneycontrol.com www.scribd.com www.google.com11
Cost sheet is a statement of cost showing cost per unit of any product at every level of production. It is important to know at what stage of production we are and what price the particular production stage has. Cost sheet is a statement of cost. In other words, when costing information is s
EA 4-1 CHAPTER 4 JOB COSTING 4-1 Define cost pool, cost tracing, cost allocation, and cost-allocation base. Cost pool––a grouping of individual indirect cost items. Cost tracing––the assigning of direct costs to the chosen cost object. Cost allocation––the assigning of indirect costs to the chosen cost object. Cost-alloca
Cost Accounting 1.2 Objectives and Functions of Cost Accounting 1.3 Cost Accounting and Financial Accounting — Comparison 1.3 Application of Cost Accounting 1.5 Advantages of Cost Accounting 1.6 Limitations or Objections Against cost Accounting 1.7 Installation of a costing system 1.7 Concept of Cost 1.9 Cost Centre 1.10 Cost Unit 1.11 Cost .File Size: 1MB
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Positive overall: 1. One standard is simpler 2. Saves time and cost (no need for 3 to 4 days audits, or six monthly audits) COST SAVINGS HARPS AUDIT COST 245 GST WQA SQF Coles Annual Audit Cost 5,300 WQA Half-Yearly Audit Cost 1,800 Total Annual Cost 7,100 SQFHARPSAudit Cost 5,545 245 Total Annual Cost 5,790 COST SAVINGS
