SCHEDULE II Auditing Help

Name and address of the company: ____________________

Statement Showing Cost of Vegetable Ghee / Cooking Oil of Management and Sold During the Period From ________ To ________

I-Capacity

Current Period Previous Period

(a) Number of days worked:
(b) Installed capacity (Tones):
(c) Utilized capacity (Tones):

(i) Vegetable ghee
16 kg pack
5 kg pack
2.5 kg pack

(ii) Cooking oil
17 litre pack
5 litre pack
2.5 litre pack

(iii)Margarine

(iv) Bakery shortening

(v) Others, if any (specify)

ll-Costs:

Particulars          Current Period            Previous Period
Total Cost      per Total   Cost Per

1. Direct materials
(i) Raw edible oils
(as per Annexure A-I)
(ii) Chemicals:
(as per Annexure A-2)
Production materials

2. Direct Labour

3. Variable factory Overheads
(i) Steam:
(as per Annexure A-3)
(a) Used in neutralizer and other processes;
(b) Used in deodorizer

(ii) Hydrogen:
(a) By gas Craking Process
(b) By electrolysis Process

(iii) Water;
(iv) Electric power cost .
(a) Purchased from WAPDA/KESC
(b) Own generation
(as per Annexure A-4)
(v) Consumable stores,
(vi) Repairs and maintenance;
(vii) Other overheads (specify)

4. Total Variable cost
(Item 1+2+3)

5. Packing cost
(as per Annexure A-5)

6. Chilling cost
(as per Annexure A-6)

7. Total variable cost including packing and chilling cost.

8. Adjustment of work in process inventories
(I) Add: Opening stock:
(a) At packing stage
(b) At chilling state

(II) Less: Closing stock:
(a) At packing stage
(b) At chilling state

9. Total variable cost of packed’ and chilled
vegetable ghee/cooking oil
(Item 7±8)

10. Fixed Overbeads
(i) Depreciation
(ii) Insurance
(iii) Other fixed overheads
Sub, Total of fixed overheads.

11. Total cost of goods manufactured
(Item 9 + 10)

12. Adjustment of finlsbed goods Inventories
(i) Add: Opening stock:
(ii) Less: Closing stock:

13. Net ex-works cost of sales
(Item±12)

III. Sales
(i) Gross sales
(ii) Less : Commission and discounts
(iii) Sales [(item (i) and (ti))
(iv) Less: Excise duly
(v) Net sales

Note:

1. Separate and statement shall be prepared in respect of vegetable’ ghee/cooking oil margarine and bakery shortening etc.

2. Excise duty to be excluded but shown separately as a deduction from sales.

3. Abnormal losses, if any, both in quantity and cost shall be shown in a’ separate statements indicating the reasons therefore.

4. The apportionment of common overheads to the vegetable ghee and cooking oil products., in the case of multi product unitS, shall be
equitable.

Name and address of the company: ______________________

Statement Showing the Raw Edible Oils Consumed During the period From ____________ To_______________

1. Oil input
Imported:
(a) Palm oil
(b) Soybean oil
(c) Others (specify)
Local:
(a) Cotton seed oil
(b) Rapeseed oil
(c) Sunflower oil
(d) Others (Specify)

2. Adjustment of oil in
process inventories
(i) Add: Opening stock
(ii) Less: Closing stock

3. Total oil consumed
(Item 1±2)

4. Yield (Net production)

5. Process Loss:
(Item 3 – 4)
(a) By-products:
Visible loss (actual
quantity) at
realizable value
credited to cost
of oil).
(b) Invisible loss
(quantity only)
Sub-total of
process loss.

6. Net cost of oil charged
to production value at
item 4.less 5( a)

Note:

1. Separate and statement shall be prepared in respect of vegetable ghee/cooking oil margarine and bakery shortening etc.

2. The basis of arriving at the process less for each type of oil-blend shall be clearly indicated and compared with standards in the cost records.

3. The actual input/output ratio and variations from standards shall be indicated.

4. Abnormal losses, if any, both in quantity and cost shall be shown in a separate statements indicating the reasons therefore.

Name and address of the company: __________________

Statement Showing the Cost of Chemical Consumed During the Period From ___________ To __________

Chemical

a) Bleaching earth
b) Activated carbon
c) Nickle catalyst
d) Caustic soda
e) Citric acid
f) Phosphoric acid
g) Anti oxidant
h) Common salt
i) Ghee flavour
j) Filter aids
k) Vitamin. A and D
l) Other (specify)
Total chemical.
Less: Credit for used
(Realizable value)
a) Used fulters earth
b) Used nickel catalyst
c) Other (specify)
Net cost of chemical

Note:

1. Separate cost statements shall be kept to respect of vegetable ghee/cooking oil, margarine/bakery shortening.

2. The actual consumption per tone of yield and variation, if any, from standard shall be indicated.

3. Abnormal losses, if any, both in quantity and cost shall be shown in separate statements indicating the reasons therefore.

Name and the address of the company: _____________________

Statement Showing the Cost of Steam Produced For the Period From _______________ To ______________

I – Capacity:

Type of steam                 boilers Current        Period Previous Period

a) Numbers of days worked
b) Installed capacity
(steam in cubit meters)

II- Cost:

Boiler houses expenses

i. Fuel (cool/gas/furnace oil)
ii. Water
iii. Electricity
iv. Chemicals
v. Consumable stores
vi. Salaries and wages
vii. Repair and maintenance
viii. Depreciation
ix. Insurance
x. Other
Total cost of steam produced

III- Sales and Transfers:

a) Vegetable ghee/cooking
oil production
(i) Neutilizers and other process
(ii) Deodorizer

b) To gas cracking
c) To any oilier section (specify)
Total

Note:

1. The standard input/output ratio and variation from standards should be indicated.

2. Abnormal losses, if any, both in quantity and cost shall be shown in a separate statements indicating the reasons therefore.

Name and address of the company: _________________________

Statement Showing the Cost of Electric Power Generation For the Period From _________________ To ________________

I – Capacity:

Type of steam            boilers Current             Period Previous Period

i) Numbers of days worked
ii) Installed capacity (KWH)
iii) Utilized capacity (KWH)

II-Cost:

Particular
1. Fuel and oil
2. Salaries and wages
3. Consumable Store
4. Repairs and maintenance
5. Depreciation
6. Insurance
7. Other overheads
Total cost:

III- Sales and Transfers:

Particular
i) Sales to outsiders
ii) Charged to production
iii) Charged to general uses
iv) Any other department (specify)
Total sales/allocation

Note:

3. The standard input/output ratio and variation from standards should be indicated.

4. Abnormal losses, if any, both in quantity and cost shall be shown in a separate statements indicating the reasons therefore.

Name and address of the company: ______________________

Statement Showing the Cost of Tin Manufactured During the Period From ___________ To __________

I – Capacity:

Particulars
i) Numbers of days worked

ii) Installed capacity
16 kg/I 7 litre
5 kg/5litre
2.5 kg/2.5 litre

iii) Capacity utilization
16 kg/I7 litre
5 kg/5 litre
2.5 kg/2.5 litre

II – Cost:

1. Materials
Tinplate (M. Tons)
Less: (i) Tinplate scrap
(ii) Ticklies
Net credit for tinplate scrap
Net cost of tinplate be
forward consumed

2. OJ. Write hungers

3. Chemicals:
i) Soldering materials
ii) Zinc
iii) Hydrochloric acid

4. Labels/printing of tins
5. Electricity, Power and/fuel
6. Consumable stores
7. Salaries and wages
8. Repairs and maintenance
9. Depreciation
10. Insurance
11. Other overheads (specify)
Total:

12. Adjustment of work in
process inventories
(i) Add: (Opening stock)
(ii) Less: (Closing stock)

13. Total cost of tins
manufactured

14. Adjustment of finished
tins inventories
(i) Add: (Opening stock)
(ii) Less: (Ciosing stock)

15. Cost of tins consumed

Note:

1. Separate cost statements shall be maintained in respect of each size of container.

2. Sales tax/excise duly on the containers, if any, may be indicted separately in the cost statement.

Name and address of the company: _______________________

Statement Showing the Cost of Chilling For the Period From____________ To ___________

I- Capacity:

Particulars                     Current Period                     Previous Period

1) Numbers of days worked
2) Chilling capacity (Tone)
3) Capacity utilization (Tone)

II-Cost:

a) Freon/Amonia
b) Power
c) Wages and salaries
d) Consumable stores
e) Repairs and maintenance
f) Depreciation
g) Insurance
h) Other overheads
Total Chilling Cost.

Note:

1. The standard input/output ratio and variation from standards should be indicated.

2. Abnormal losses, if any, both in quantity and .cost shall be shown in a separate statements indicating the reasons therefore.

Name and address of the company: ____________________

Statement Showing Inventories of Finished Goods, Raw & Packing Materials and Other Items for the Period From __________To ___________

Capture

1. Finished goods (M. tons)
a) Vegetable ghee:
16 kg pack
5 kg pack
2.5 kg pack
b) Cooking Oil:
17 litre pack
5 litre pack
2.5 litre pack
c) Margarine
d) Bakery shortening
e) Others (specify)
Total

2. Empty finished tins (Nos.)
16 kg/I7 litre
5 kg/51itre
2.5 kg/2.5 litre
Total

3. By-products (specify)

1              2             3            4                5              6

4. Raw edible Oil (tones)

Imported:
i. Palm Oil
ii. Soybean Oil
iii. Others (specify)

Local:
i. Cottonseed Oil
ii. Rapeseed Oil
iii. Sunflower Oil
iv. Others (specify)
Total:

5. Chemical (KG):

1. Bleaching earth
ii. Activated carton
iii. Caustic soda
iv. Nickle catalyst
v. Citric acid
vi. Phosphoric acid
vii. Anti oxident
viii. Common salt
ix. Filer acids
x. Ghee flavour
xi. Vitamins A and D
xii. Others (specify)
Total

6. Other materials

i. Tirnplate (Tones)
ii. G.I. Wire (Tones)
iii. Soldering materials (R.G.)
iv. Others (Specify)

7. Small tools

8. Any other stores (specify)
Total

Posted on November 4, 2015 in Cost Audit

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