2009
(August)
Paper:
103
Full
Marks: 80
Time:
3 hours
1. (a)
Write briefly on the evolution of Cost accounting system and Cost concepts.
8+8=16
Or
(b) What are the
differences between Activity Based Costing and Conventional Costing and How is
cost analysis under activity Based costing is done. 8+8=16
2. (a)
Union Transport company supplied the following details in respect of a truck of
5 tonnes capacity:
|
Particulars
|
Amount (Rs.)
|
|
Cost of Truck
Estimated Life
Repairs and
Maintenance
Driver’s wages
Insurance
General
supervision charges
Scrap value
Diesel, Oil,
Grease
Cleaner’s wages
Tax
|
90000
10 years
500 p.m.
500 p.m.
4800 p.a.
4800 p.a.
4500
15 per trip per
day
250 p.m.
2400 p.a.
|
The Truck carries goods to
and from the city covering a distance of 50 miles each way. On outward trip
freight is available to the extent of full capacity and on return 20% capacity.
Assuming that the truck runs on an average 25 days a month, work out:
(a)
Operating cost per tonne mile.
(b)
Rate per tonne per trip that the company should
charge if a profit of 50% on freightage is to be earned. 16
Or
(b) An article passes
through three successive operations from the raw materials to the finished
product stage. The following data are available from the production records of
a particular month:
|
Operation No.
|
No. of process
input
|
No. of pieces
rejected
|
No. of pieces
output
|
|
1
2
3
|
60000
66000
48000
|
20000
6000
8000
|
40000
60000
40000
|
(i)
Determine the input required to be introduced in
the first operation in number of pieces in order to obtain finished output of
100 pieces after the last operation.
(ii)
Calculate the cost or raw materials required to
produce one piece of finished product, given the following information weight
of the finished piece is 0.10kg and the price of raw material is Rs. 20 per
kg. 16
3. (a)
Explain the techniques of financial statement analysis. 16
Or
(b) Explain the procedure
for interpretation of accounts. 16
4. (a)
The following are the summarized Profit and loss account of S Product Limited
for the year ended on 31st December, 2008 and the balance sheet as
on that date:
|
Particulars
|
Amount
|
Particulars
|
Amount
|
|
To Opening Stock
To Purchases
To Incidental Expenses
To Gross Profit c/d
To Operating Expenses:
Selling and Distribution
Administration
Finance
To Non-operating expenses:
Loss on sale of assets
|
99500
545250
14250
340000
999000
30000
150000
15000
4000
349000
|
By Sales
By Closing Stock
By Gross Profit b/d
By Non-operating Incomes:
Interest
Profit on sale of shares
|
850000
149000
999000
340000
3000
6000
349000
|
Balance Sheet as on
|
Liabilities
|
Amount
|
Assets
|
Amount
|
|
Issued capital
2000 Equity shares @ Rs. 100 each
Reserve
Current liabilities
Profit and Loss Account
|
200000
90000
130000
60000
480000
|
Land and Building
Plant and Machinery
Stock – in – trade
Sundry Debtors
Cash and Bank Balance
|
150000
80000
149000
71000
30000
480000
|
From the following statements you are
required to calculate the following ratios and state the purposes they serve:
(a)
Current ratio
(b)
Operating ratio
(c)
Stock turnover ratio
(d)
Return on capital employed
(e)
Earning per share
(f)
Operating profit ratio 16
Or
(b) Elucidate the functional classification
of ratios. 16
5. (a)
How shall you project working capital requirements in case of trading and
manufacturing organisations? 8+8=16
Or
(b) What are the factors
affecting the amount of working capital in an organisation and also show in
detail the classification of working capital.
8+8=16
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