Opening Stock of Raw Material Add: Purchase of Raw materialsAdd: Purchase Expenses Less: Closing stock of Raw MaterialsRaw Materials Consumedirect !ages "La#our$ irect Charges %%%%%%%%%%%%%%%%%%%%% Prime cost "&$ %%%Add :' (actor) O*er +eads:(actor) Rent(actor) Power ,ndirect Material,ndirect !ages Super*isor Salar) rawing Office Salar) (actor) ,nsurance (actor) Asset epreciation %%%%%%%%%%%%%%%%%%%%%%%% !orks cost ,ncurred %%%Add: Opening Stock of !,PLess: Closing Stock of !,P %%%%%% !orks cost "-$ %%%Add:' Administration O*er +eads:'Office RentAsset epreciation .eneral ChargesAudit (ees/ank ChargesCounting house Salar) Other Office Expenses %%%%%%%%%%%%%%%%%%%%% Cost of Production "0$ %%%Add: Opening stock of (inished .oods Less: Closing stock of (inished .oods %%%%%% Cost of .oods Sold %%%Add:' Selling and istri#ution O+:'Sales man CommissionSales man salar) 1ra*eling Expenses Ad*ertisementeli*er) man expensesSales 1ax/ad e#ts %%%%%%%%%%%%%%%%%%%%% Cost of Sales "2$%%%Profit "#alancing figure$%%%Sales%%%3otes:'&$ (actor) O*er +eads are reco*ered as a percentage of direct wages -$ Administration O*er +eads4 Selling and istri#ution O*erheads are reco*ered as a percentage of works cost5