Cost Worksheet

Direct Materials

Ingredient	Estimated Quantity	Actual Quantity	Unit Cost	Total Actual Cost
Unsalted Butter	8 Tsp	8 Tsp	$0.80	$3.19
Sugar	Cup	Cup	$0.50	$1.75
Brown Sugar	Cup	Cup	$0.24	$1.89
Flour	1 Cup	1 Cup	$0.17	$5.98
Vanilla	1 Tsp	1 Tsp	$0.81	$9.77
Salt	Tsp	Tsp	$0.01	$0.55
Large Egg	1 Egg	1 Egg	$0.08	$0.99
Baking Soda	Tsp	Tsp	$0.01	$0.55
Oats	1 Cup	1 Cup	$0.95	$1.89
Warm Water	1 Tsp	1 Tsp	$0.00	$0.00
Total Cost of Direct Materials Used	$26.56

Direct Labor

Process Stage	Estimated Time	Actual Time	Hourly Rate	Total Actual Cost
Prepping	20 Min	20 Min	$10.00	$3.33
Baking	10 Min	10 Min	$10.00	$1.67
Cooling Time	30 Min	30 Min	$8.00	$4.00
Total Cost of Direct Labor Used	$9.00

Manufacturing Overhead

Overhead Item	Estimated Time	Actual Time	Hourly Rate	Total Actual Cost
Rent, Factory (apartment)	1 Hour	1 Hour	$5.00	$5.00
Electricity, Factory (apartment)	1 Hour	1 Hour	$6.00	$6.00
Depreciation - Appliances	1 Hour	1 Hour	$0.50	$0.50
Total Overhead Cost Incurred	$11.50

ii) Calculate Cost of Goods Manufactured (Type Calculations to show proof)

Cost of Goods Manufactured= Beginning WIP Inventory+Total Manufacturing Cost - Ending WIP Inventory

iii) Identifying any non-value-added costs.