Cost Accounting Question Paper 2013 (May)
Dibrugarh University B.Com 4th Sem CBCS Pattern
Commerce (General/Speciality)
Course: 401
Full Marks: 80
Time: 3 Hours
a)
Variable cost per unit remains
same/increases/decreases due to increase in production.
b)
Under the ABC analysis of material control, A
stands for low value/moderate value/high value items.
c)
Idle time represents the time for which the
employers the time for which the employer makes payment and gains something in
terms of production/makes payment but does not gain anything in terms of
production.
(b) fill in the blanks:
a)
Fixed overhead cost is a Committed/Period cost.
b)
Prime cost incurred due to any abnormality is
debited to Abnormal Loss Account.
c)
In process costing the output of the each
process is the Input of the next process.
(c) Write true or false:
a)
Most of the items of costs are direct in
contract costing. True
b)
High wages of cost not necessarily mean high
cost per unit. True
2. Answer
the following:
b)
What do you mean by perpetual inventory system?
d)
Distinguish between ABC and VED analysis.
3. (a)
Following extract of costing information relates to a commodity for the year
ended 31st March, 2012:
Stock on 1st April, 2011: Raw materials
|
5000
|
Finished product (1000 tones)
|
4000
|
Stock on 31st March, 2012: Raw materials
|
5560
|
Finished product (2000 tons)
|
8000
|
Raw materials purchased
|
30000
|
Direct wages
|
25000
|
Rent, Rates and Taxes
|
1000
|
Carriage inwards
|
360
|
Work in progress on 1st April, 2011
|
1200
|
Work in progress on31st April, 2012
|
4000
|
Cost of factory supervision
|
2000
|
Sales of finished goods
|
75000
|
Advertisement
and selling expenses amounts of 0.25 paise per ton sold. 16000 tones were
produced during the year. Prepare a statement showing:
a)
The value of raw material used;
b)
The cost of production;
c)
The cost of turnover for the year;
d)
The net profit for the year and net profit per
ton.
Or
(b) Describe the various methods of pricing materials issued and point out their advantages and disadvantages.
Also Read: Cost Accounting Question Papers and Solutions
Cost
Accounting Question Papers |
Cost
Accounting Solved Papers |
|
|
Old
Course |
New
Course |
|
4. (a) From the following information,
calculate the total monthly remuneration of each of three workers X, Y and Z:
Standard production per month per worker=1000 units
Actual production during a month X=890 units, Y= 720 units
and Z= 960 units
Piecework rate per unit of actual production=20 paise
Dearness wages Rs. 50 per month (fixed)
House rent allowance 20 per month (fixed)
Additional production bonus at the rate of Rs. 5 for each
percentage of actual production exceeding 80% of the standard.
Or
(b) Discuss the principles of Premium Bonus Plans. Describe salient
features of Rowan Plan and Halsey Plans
5. (a) Compute machine hour rate of a machine in
a shop consisting of 3 machines occupying equal floor space. Following detail
are supplied for the machine of which estimated working hours per year are
fixed at 2500 hours in which normal idle time is estimated at 20% of the
standard time:
Rent and taxes of the shop per annum
|
3600
|
Electricity for the shop per month
|
200
|
Repairs and maintenance expenses for the machine per annum
|
600
|
Rate of power changes for 100 units(the machine consuming 10 units
per hour)
|
3
|
Forman’s salary for supervising all three machines, per month
|
750
|
Indirect
labour cost Rs. 2 per hour for the machine The machine cost Rs.130000 and
scraps value is estimated at Rs. 10000 and estimated life is 10 years. The
foreman devotes equal attention for each machine in the shop.
Or
(b) What do you mean by overhead cost? Explain the various
classification of overhead cost and its bases of apportionment.
6. (a) A
product process through processes A, B and C. The normal wastage of each
process is as followings:
Process A=5%, Process B=6% and
Process C=10%. Wastage of process A was sold at Rs. 2 per unit, that of process
B at Rs. 5 per unit and that of process C at 10 per unit.
1000 units were issued to
process A in the beginning of April, 2011 at a cost of Rs. 2 per unit. The
other expenses were as follows:
Process
|
A (Rs.)
|
B (Rs.)
|
C (Rs.)
|
Raw materials
|
2000
|
3000
|
1000
|
Labour
|
5000
|
8000
|
6000
|
Direct expenses
|
1550
|
2946
|
3738
|
Actual output(units)
|
950
|
910
|
810
|
Prepare
processes accounts of A, B and C assuming that there were no opening or closing
stocks.
Or
(b) Explain the following:
a)
Value of WIP on an incomplete contract
c)
Difference between cost audit and financial
audit.
Post a Comment
Kindly give your valuable feedback to improve this website.