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
Factory overheads
30 (40% fixed)
Administration overheads 20
(50% fixed)
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