## Cost Accounting, Question Paper of B.Com 4th Semester, Download Previous Years Question Paper 1

• Saturday, November 05, 2016

Roll No.
Total No. of Questions: 07]
B.Com. (Sem.-4 th)
COST ACCOUNTING-I
Subject Code: BCOP-403
Paper ID: [B142]
Time: 3 Hrs.
INSTRUCTION TO CANDIDATES:
1) Section-A is Compulsory.
2) Attempt any four questions from Section-B.
SECTION–A
Q1. Write short notes:
a) Cost sheet
b) Treatment of Idle time and over time cost
c) Give examples of batch level cost drivers
d) Material –mix variance
e) Batch costing vs. job costing
f) Cash budget
g) Treatment of Abnormal loss
h) Give examples of direct-fixed cost and indirect-fixed cost
i) Cost racing vs. cost allocation
j) Methods of wage payments
SECTION-B
Q2. What are the main uses of cost and management accounting information? Also
Differentiate between financial and cost accounting. Q3. Alpha Ltd. Has three production departments A, B and C and two service departments D
and E. The following figures are extracted from the records of the company:
Rent and rates                                                      Rs. 5000
General lighting                                                    600
Indirect wages                                                      1500
Power                                                                   1500
Depreciation of Machinery                                   10000
Sundries                                                               10000
The following are further details:
Total                    A       B       C       D       E
Floor Area(Sq. ft.) 100 200    250   300    200    50
Light point(Nos.) 60      10      15     20      10     5
Direct Wages(Rs.) 100   300    200   300   150    50
Horse power of    150   60     30      50      10     -                                    Machines
Value of               2500  600   800   1000  500   500
Machinery(Rs.)
Working Hours    -       626    4027 4060           -                                              -The expenses of service departments D and E are allocated using the repeated distribution
method as follows:
A       B      C      D       E
D       20% 30% 40% -       10%
E       40%  20% 30% 10%  -
What is the total cost of articles if raw material cost is Rs. 50, labour c for cost Rs. 30 and it passes through departments A,B and C 4,5 and 3 hours respectively.
Q4. An expenditure of Rs. 19200 has been incurred on a contract up to the end of 31st March,2010. The value of work done and certified is Rs. 210 0. The cost of work done but not yet certified is Rs.1200. It is estimated that the contract will be completed by 30th June, 2010 and an additional expenditure of Rs. 1800 will have to be incurred to complete the contract. The total estimated expenditure on the contract is to include a provision of 12.5% for contingencies. The contract price is Rs. 2800and Rs. 16800 has been realized in cash up to 31st March, 2010. Calculate the proportion of profit to be taken to profit and los account as on 31st March, 2010 under different methods.
Q5. RKG Inc. is currently working at 50% and produces 100 units. At 60% working raw material cost increases by 2% and selling price falls by 2%. At 80% raw material cost increase by 5% and selling price falls by 5%.
At 50% capacity working the products costs Rs. 180 per unit and is sold at Rs. 20 per unit. The unit cost of Rs. 180 is made up as follows:
Material                                            Rs. 100
Wages                                                         30