clear thinking along with presentation | | | Subject Specific Parameters | 1. Understanding the procedures of Costing | Clarity of concept | | | 2. To be able to calculate the unit cost and prepare costing Profit & Loss statement | Precision in cost calculation and preparation of cost sheet | | | Grades | Grade Descriptors | Achieved Yes/No (Y / N) | P | A Pass grade is achieved by meeting all the requirements defined. | | M | Identify & apply strategies/techniques
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COST SHEET FOR AMUL ICE-CREAMS [pic] PRESENTED BY HIRAL MEHTA 61 SAURAV MEHTA 62
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In the books of a Company Cost Sheet for the period ended…….. Units Produced….. Name of the product unit sold…. Particulars Total cost Rs. Unit Cost Rs. Opening stock raw materials Add Purchases of Raw Materials Add: Expenses on Purchases of Raw Materials (octroi & duty) Less: Closing stock of raw materials Less: Sale of scrap or defectives of raw materials = Cost of materials consumed Add: Productive Labour Add: Outstanding wages Add: Direct Expenses( architect’s
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COST SHEET – FORMAT |Particulars |Amount |Amount | |Opening Stock of Raw Material | *** | | |Add: Purchase of Raw materials |*** | | |Add: Purchase Expenses
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done this assignment. The purpose of this assignment is to gather practical experience. By this assignment one can know about the costing system of a company. How a company manages their cost‚ whether they follow the accounting system or not- to know this‚ is the prime objective of this assignment. By gathering the cost information of a company one can analyze it and also can give suggestions to improve their costing system for more profit. Figure: Objectives of the assignment
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Industrial training programme at AMUL ANAND [pic] Kaira District Co-operative Milk Producer’s Union Ltd Anand Gujarat-388001 SUBMITTED BY: DIV: ROLL NO: SUBMITTED TO: PREFACE “Experience is the best teacher”. This saying has played a guiding role in including visit as a part of the curriculum of the B.B.A programme of the Gujarat University. This visit and a consequent report on it allow the student to practically visit
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Cost Sheet Format Particulars Amt (Rs.) Amt (Rs.) Opening Stock Of Raw Materials xxx Add: Purchase Of Raw Materials xxx Purchase Expenses xxx Less: Closing Stock Of Raw Materials xxx Defective Materials Returned xxx I. Raw material Consumed xxx II. Add: Direct Labor xxx Factory Wages‚ Productive Wages xxx Less: Abnormal Idle Time xxx III. Add: Direct Expenses Excise Duty xxx Royalty paid on production Basis xxx Hire Charges on Special plant
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of items that could be included in the intangible assets section of the balance sheet. Instructions (a) Indicate which items on the list would generally be reported as intangible assets in the balance sheet. (b) Indicate how‚ if at all‚ the items not reportable as intangible assets would be reported in the financial statements. 1. Investment in a subsidiary company. 2. Timberland. 3. Cost of engineering activity required to advance the design of a product to the manufacturing
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Brands 1.Amul Butter 2.Amul Cheese 3.Amul Chocolates 4.Amul Ice Cream 5.Amul Koo Strength 1.High brand equity and top of the mind brand 2. Strong network of over 3 million milk producers 3. World’s largest manufacturer of pouched milk 4. India’s largest food brand‚ trusted for its quality 5.Number of popular milk products like ice cream‚ ghee‚ butter‚ paneer‚ dahi‚ milk‚ etc. 6.Products available at affordable price 7.Market leader in butter segment 8.Responsible for white revolution
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COST SHEET There is no prescribed format of a Cost sheet. It may change from industry to industry. A specimen format of a Cost Sheet is given as under: Particulars Total (Rs.) A. Direct Materials Consumed : Purchases .............. Add : Opening Stock of Raw material .............. Expenses on Purchases .............. Less : Closing Stock of Raw Material .............. Direct
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