Search Your Paper

Tuesday, May 23, 2023




B. Com. (Bachelor of Commerce)
3rd Semester
Cost Accounting

BCM-302

Time allowed: 3 Hours][Max. Marks: 80


NOTE: Attempt four short answer type questions from Section A carries 5 marks each. Attempt two questions each from Section B and C respectively carries 15 mark each.


Section A


1) Difference between Bin Card and Stores Ledger.


2) What is overtime time. Discuss its accounting treatment?


3) From the following information calculate the cost for the month of October

4) Mr Munnabhai furnishes the following data relating to the manufacture of a standard product during the month of April 2011.


Raw Material Used Rs. 15,000; Direct Labour Charges Rs. 9,000; Machine Hours worked 900 Hours; Machine Hour Rate Rs. 5; Administrative overhead 20% works Cost


Selling Overheads Rs 0.50 per unit; Units produced 17,100 units; Units Sold 16,000 Units @ Rs 4 Per Unit


You are required to prepare Cost sheet from the above Showing


(a) Cost of production per unit


(b) Profit per unit sold and profit for the period


5) A company manufactures table fans, ceiling fans, and room coolers. The materials and wages cost are as under:



Total factory overheads Rs. 55,000. You are required to determine the works cost of each type of furniture after assuming that one ceiling fan is equivalent to two table fans and one room cooler is equal to five table fans for the purpose of factory overheads allocation.


6) From the following transactions, prepare Stores Ledger using the suitable method.

January 01 Opening balance-200 units @ Rs. 6 per unit 

January 05 purchases- 400 units @ Rs. 7 per unit

January 20 Issue- 200

February 05     issue- 100 units

February 06     purchases- 800 units @ Rs. 8 per unit

February 10    issue- 200 units

February 12    issue- 150 units


Section B

7) Compute the Machine Hour Rate from the following data:



The Machine occupies of the total area of the shop. The Supervisor is expected to devote 1/5th of his time for supervising the machine.

8) From the following particulars, you are required to work out the earnings of a worker under:

straight piece rate system; (b) differential piece rate system; (c) Halsey Premium Plan (50%) bonus; (d) Rowan Plan.



Differential piece rate- 80% of the piece rate when output is below normal and 120% of piece rate when output is above normal.
9) "Cost Accounting is an unnecessary luxury for the business establishment." Do you agree with the statement? Discuss.
10) "Perpetual inventory system is an integral part of material control." Discuss this statement by bringing out the salient features and advantages of this system.


Section C

11) From the following prepare

(a) Profit and Loss accounts

(b) Cost sheet taking factory overheads 25% on prime cost, office overheads at 50% on factory cost and selling overheads at 10% on cost of goods sold.

(c) Reconciliation statement.

The selling price is fixed at cost plus 25%.


12) In a factory there are two service departments S1 and S2 and three production departments P1, P2 and P3. In April 2021 the departmental expenses were:




Prepare a statement showing the distribution of two service Departments to the three production departments by:

a) Simultaneous Equation Method

b) Repeated Distribution Method


13) What do you mean by reconciliation? Why is it carried out? Explain the main reasons for the difference in the net profits shown by cost accounts and financial accounts.


14) What is meant by cost ledger accounts? Briefly explain the various cost ledger accounts. Describe their advantages.





0 comments:

Post a Comment

North India Campus

Popular

Archive

North India Campus. Powered by Blogger.

Welcome to North India Campus

Search Question Paper

Labels

1st & 2nd Semester BE 1st Semester B.Com 1st Semester BBA 1st Semester BCA (D) 1st Semester Bsc. IT (D) 1st Semester Bsc. IT 1 1ST Semester M.SC IT(D) 1st Semester M.Tech 1ST Semester MBA 1st Semester MCA 1st Semester MCA (D) 2nd Sem B.Com 2nd Sem BB 2nd Sem BBA 2nd Sem BCA 2nd Sem BCA (D) 2nd Sem BSC IT(D) 2nd Sem BSC(IT) 2nd Semester MBA A Foundation Course in Human Values and Professional Ethics Accounting and Financial Management Accounting and Financial Managementm ACCOUNTING FOR MANAGEMENT Adolescence and Family Education B.Ed (2012) Adolescence And Family Education B.Ed (Dec 2013) Adolescence And Family Education B.Ed (Dec 2014) ADVANCE SOFTWARE ENGINEERING Advanced Accounting 2 ADVANCED COMMUNICATION SYSTEMS ADVANCED MATHEMATICS FOR ENGINEERS Aligarh Muslim University Applied Physics 1 B.Ed (Dec 2008) B.Ed (Dec 2009) B.Ed (Dec 2011) B.Ed (Dec 2012) B.Ed (Dec 2013) B.Ed (Dec 2014) B.Ed (June 2008) B.Ed (June 2009) B.Ed (June 2015) BA 1 Syllabus Bachelor in Science Fashion and Technology Basic Accounting Basic Chemistry Basic Electrical Engineering Basic Electronics Basic Mathematics BSC 1 Basoc Accounting BBA 1 BBA 2 BCA Question Papers BCA Syllabus 1 Bridge Course in Mathematics Bsc.IT Business Communication-1 Business Communication-2 Business Communication-I 2 Business Environment 2 Business Laws 1 Business Mathematics Business Organisation and Management Business Statistics 2 C C Programming C Programming Bsc IT 1 C Programming Lecture Videos CADM 1st Semester Communication 2 Communication and Soft Skills Communication Skills Communication Skills 1 Communicative English Computer and Education B.Ed (Dec 2011) Computer and Education B.Ed (Dec 2012) Computer Applications Computer Fundamental Computer Graphics Video Lecture Computer in Education B.Ed (Dec 2008) Computer in Education B.Ed (Dec 2009) Computer In Education B.Ed (Dec 2013) Computer in Education B.Ed (Dec 2014) Computer Mathematical Foundation MCA D Computer Networks 1st Semester Computer Operating System Computer Organization and Assembly Language Computer System Architecture 2 Corporate Accounting Curriculum and Instruction B.Ed (Dec 2009) Curriculum and Instruction B.Ed (Dec 2011) Curriculum and Instruction B.Ed (Dec 2012) Curriculum and Instruction B.Ed (Dec 2013) Curriculum and Instruction B.Ed (Dec 2014) Curriculuman and Instruction B.Ed (Dec 2008) DATA COMMUNICATION NETWORK Data Structure 2 Data Structures 2 data structures 2 BCA D Data Structures Through C 2 Database Management with Microsoft Access Bsc IT 1 Delhi University News Desktop Publishing Tools 2 Digital Circuits and Logic Design 2 Digital Circuits and Logic Design 2 BCA D Digital Electronics 2 Digital Electronics Fundamentals 2 Distance Education B.Ed (Dec 2008) Distance Education B.Ed (Dec 2009) Distance Education B.Ed (Dec 2011) Distance Education B.Ed (Dec 2012) Distance Education B.Ed (Dec 2013) Distance Education B.Ed (Dec 2014) Dot Net Interview Questions & Answers. Education and Evaluation B.Ed (Dec 2009) Education and Society B.Ed (Dec 2008) Education and Society B.Ed (Dec 2009) Education and Society B.Ed (Dec 2011) Education and Society B.Ed (Dec 2012) Education and Society B.Ed (Dec 2013) Education and Society B.Ed (Dec 2014) Education Technology B.Ed (Dec 2009) Educational Evaluation B.Ed (Dec 2008) Educational Evaluation B.Ed (Dec 2011) Educational Evaluation B.Ed (Dec 2012) Educational Evaluation B.Ed (Dec 2013) Educational Evaluation B.Ed (Dec 2014) Educational Technology B.Ed (Dec 2008) Educational Technology B.Ed (Dec 2011) Educational Technology B.Ed (Dec 2012) Educational Technology B.Ed (Dec 2013) ELECTRONICS SYSTEM DESIGN Engineering Drawing and Graphics Engineering Mathematics Engineering Question Paper set 1 Engineering Syllabus English and Communication Skills English and Communication Skills 2 Environmental Science 2 Finaicial Accounting Financial Accounting Financial Management 2 Sem Fundamentals of Information Technology Bsc 1 Guidance and Counseling B.Ed (Dec 2008) Guidance and counseling B.Ed (Dec 2009) Guidance and Counseling B.Ed (Dec 2011) Guidance and Counseling B.Ed (Dec 2012) Guidance and Counseling B.Ed (Dec 2013) HIV and Aids Education B.Ed (Dec 2011) HIV and Aids Education B.Ed (Dec 2012) HIV and Aids Education B.Ed (Dec 2013) Hotel Management and Air Lines Syllabus HP University News Human Resource Management Human Resource Management 2 Information Management Information Technology for Management Intoduction to microprocessor 2 BCA D Introduction of Computers BBA1 Introduction to Computers 2 Introduction to I.T MCA D Introduction to Information Technology Introduction to Information Technology(BCA) Kurukshetra University News Lecture 20 Clipping -- Lines And Polygons Macro Economics 2 Management Syllabus Managerial Economics Marketing Management 2 Master Of Technology M-Tech Syllabus MBA Papers MCA Notes MCA Question Papers Mercantile Law 2 Metal Cutting Question Paper Metal Forming Question Paper Micro Economics Network Security NEURAL NETWORKS & FUZZY LOGIC Object Oriented Programming in C++ Object Oriented Programming in Cpp OOP CPP 2 Operating system (BCA) Operating System Bsc IT 1 Organisational Behaviour Organization Behaviour 2 Other Universities Others Panjab University News PCM 2 BCA D PGDCA Pharmacy Syllabus Principles and Practices of Management principles of management 2 Production and Operations Management 2 Programming in C Programming in C MCA D Programming Logic Development with C Psychology of Learning and Development B.Ed (Dec 2013) Psychology of Learning and Development B.Ed (Dec 2008) Psychology of Learning and Development B.Ed (Dec 2009) Psychology of Learning and Development B.Ed (Dec 2011) Psychology of Learning and Development B.Ed (Dec 2012) PTU Affiliated Colleges of Integerated College PTU Affiliated Colleges of Management College PTU Affiliated Colleges of Architecture PTU Affiliated Colleges of Engineering PTU Affiliated Colleges of Pharmacy College PTU Forms Download PTU News and Events Quantitative Techniques RDBMS 2 RDBMS-I 2 Relational Database Management System Research Methodology 2 SAD 2 BCA D Syllabus of Computer Applications Syllabus of Journalism and Mass Communication Syllabus of Medical Laboratory Science System Analysis and Design System Analysis and Design 2 System Analysis and Design MCA D Teacher and School B.Ed (Dec 2008) Teacher and School B.Ed (Dec 2009) Teacher and School B.Ed (Dec 2011) Teacher and School B.Ed (Dec 2012) Teacher and School B.Ed (Dec 2013) Teacher of English B.Ed (Dec 2009) Teaching of English B.Ed (Dec 2008) Teaching of English B.Ed (Dec 2011) Teaching of English B.Ed (Dec 2012) Teaching of English B.Ed (Dec 2013) Teaching of Mathematics B.Ed (Dec 2009) Teaching of Mathematics B.Ed (Dec 2011) Teaching of Mathematics B.Ed (Dec 2012) Teaching of Mathematics B.Ed (Dec 2013) Teaching of Science B.Ed (Dec 2008) Teaching of Science B.Ed (Dec 2009) Teaching of Science B.Ed (Dec 2011) Teaching of Science B.Ed (Dec 2012) Teaching of Science B.Ed (Dec 2013) Teaching of Social Studies B.Ed (Dec 2008) Teaching of Social Studies B.Ed (Dec 2011) Teaching of Social Studies B.Ed (Dec 2012) Teaching of Social Studiess B.Ed (Dec 2013) Teaching of Social Study B.Ed (Dec 2009) Technical Communication UGC NET Computer Science Question Paper Uttarakhand Open University Video Lecture Web Technologies 1st Semester Web Technologies 2 Welding Technology Question Paper Workshop on IT and E-Commerce 2