Material Consumed 2 Direct Wages and Salaries 3 Direct Expenses 4 Works Overheads 5 Quality Control Cost 6 Research Development Cost 7 Administrative Overheads relating to production activity 8 Total 1 to 7 9 Add Opening stock of Work in Progress ID: 48283
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Material Consumed 2. Direct Wages and Salaries 3. Direct Expenses 4. Works Overheads 5. Quality Control Cost 6. Research & Development Cost 7. Administrative Overheads (relating to production activity) 8. Total (1 to 7) 9. Add : Opening stock of Work - in Progress 10. Less : Closing stock of Work -in- Progress 11. Total (8+9-10) 12. Less : Credit for Recoveries/Scrap/By-Products / misc income 13. Packing cost 14. Cost of production ( 11 - 12 + 13) 15. Add: Inputs received free of cost 16. Add: Amortised cost of Moulds, Tools, Dies & Patterns etc received free of cost 17. Cost of Production for goods produced for captive consumption ( 14 + 15 + 16) 18. Add : Opening stock of finished goods 19. Less : Closing stock of finished goods 20. Cost of production for goods despatched ( 17 + 18 - 19) Seal & Signature of Company's Authorised Representative I/We, have verified above data on test check basis with reference to the books of account, cost accounting records and other records. Based on the information and explanations given to me/us, and on the basis of generally accepted cost accounting principles and practices followed by the industry, I /We certify that the above cost data reflect true and fair view of the cost of production. Date : Place : Seal & Signature of Cost Accountant Membership No.