Cost And Management Accounting Formats (AS Level): Unit Costing Statement Format (Copy)
Unit Costing Statement Format
Standard Unit Costing Statement (AS Level – Exam Preferred)
Unit Costing Statement
| Cost Element | Total Cost | Cost Per Unit |
|---|---|---|
| Direct Materials | xxxx | $x |
| Direct Labour | xxxx | $x |
| Prime Cost | xxxx | $x |
| Production Overheads | xxxx | $x |
| Total Production Cost | xxxx | $x |
| Administrative Overheads | xxxx | $x |
| Total Cost | xxxx | $x |
| Profit | xxxx | $x |
| Selling Price | xxxx | $x |
- Cost Per Unit = Total Cost ÷ Units Produced
- Prime Cost = Direct Materials + Direct Labour
- Profit Added After Total Cost
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Unit Costing Statement (Production Cost Only)
Unit Costing Statement – Cost Only
| Cost Element | Total Cost | Cost Per Unit |
|---|---|---|
| Direct Materials | xxxx | $x |
| Direct Labour | xxxx | $x |
| Prime Cost | xxxx | $x |
| Production Overheads | xxxx | $x |
| Total Production Cost | xxxx | $x |
- Used When Selling Price Or Profit Not Required
- No Administrative Overheads Included Unless Stated
Unit Costing Statement With Overhead Absorption
Overhead Absorption Rate (OAR) Working
| Details | Amount |
|---|---|
| Budgeted Production Overheads | xxxx |
| Budgeted Units / Labour Hours / Machine Hours | xxxx |
| OAR | $x per unit / hour |
Unit Costing Statement (Using OAR)
| Cost Element | Working | Cost Per Unit |
|---|---|---|
| Direct Materials | $x | |
| Direct Labour | $x | |
| Prime Cost | $x | |
| Production Overheads | OAR × Base | $x |
| Total Production Cost | $x |
- Absorption Base Must Match Question
- Same OAR Applied To All Units
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Unit Costing Statement With Mark-Up Profit
Profit Working (Mark-Up On Cost)
| Details | Amount |
|---|---|
| Total Cost Per Unit | $x |
| Mark-Up Percentage | x% |
| Profit Per Unit | $x |
| Selling Price Per Unit | $x |
Unit Costing Statement (With Profit)
| Description | Per Unit |
|---|---|
| Total Cost | $x |
| Add: Profit | $x |
| Selling Price | $x |
- Mark-Up Applied On Cost
- Margin And Mark-Up Must Not Be Mixed
Unit Costing Statement Without Table (Short Question)
Unit Costing Statement
- Direct Materials = $x per unit
- Direct Labour = $x per unit
- Prime Cost = $x per unit
- Production Overheads = $x per unit
- Total Cost = $x per unit
- Profit = $x per unit
- Selling Price = $x per unit
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Items Included In Unit Costing Statement (AS Level)
- Direct Materials
- Direct Labour
- Production Overheads
- Administrative Overheads (If Given)
- Profit (If Required)
Items Never Included In Unit Costing Statement
- Selling And Distribution Expenses (Unless Stated)
- Finance Costs
- Dividends
- Share Capital Items
Presentation Rules For Unit Costing Statements
- Always Show Cost Per Unit
- Separate Prime Cost Clearly
- Use Correct Overhead Absorption Base
- State Units Produced
- Totals Must Be Consistent
Written And Compiled By Sir Hunain Zia (AYLOTI), World Record Holder With 154 Total A Grades, 7 Distinctions And 11 World Records For Educate A Change AS Level Accounting Full Scale Course
Compact Unit Costing Template (Emergency)
Direct Materials $x
Direct Labour $x
Prime Cost $x
Overheads $x
Total Cost $x
Profit $x
Selling Price $x