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    895BCMM

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    Ganesh Aganesh
    This document contains a sample exam for a Cost Accounting course, including 12 questions across two sections. Section A contains 6 short answer questions asking students to define key terms, calculate figures using different costing methods, and determine economic order quantities. Section B contains 3 longer answer questions requiring explanations of cost classifications, preparation of stores ledgers, and cost sheets. The final question provides data to prepare a reconciliation statement between cost and financial accounting records.

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    895BCMM

    Uploaded by

    Ganesh Aganesh
    59 views4 pages
    This document contains a sample exam for a Cost Accounting course, including 12 questions across two sections. Section A contains 6 short answer questions asking students to define key terms, calculate figures using different costing methods, and determine economic order quantities. Section B contains 3 longer answer questions requiring explanations of cost classifications, preparation of stores ledgers, and cost sheets. The final question provides data to prepare a reconciliation statement between cost and financial accounting records.

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    This document contains a sample exam for a Cost Accounting course, including 12 questions across two sections. Section A contains 6 short answer questions asking students to define key terms, calculate figures using different costing methods, and determine economic order quantities. Section B contains 3 longer answer questions requiring explanations of cost classifications, preparation of stores ledgers, and cost sheets. The final question provides data to prepare a reconciliation statement between cost and financial accounting records.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    59 views4 pages

    895BCMM

    Uploaded by

    Ganesh Aganesh
    This document contains a sample exam for a Cost Accounting course, including 12 questions across two sections. Section A contains 6 short answer questions asking students to define key terms, calculate figures using different costing methods, and determine economic order quantities. Section B contains 3 longer answer questions requiring explanations of cost classifications, preparation of stores ledgers, and cost sheets. The final question provides data to prepare a reconciliation statement between cost and financial accounting records.

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    You are on page 1of 4

    1015 /1114

    COMM/BCMM

    (For candidates admitted from 2006 onwards)


    B.Com. DEGREE EXAMINATION, APRIL 2009.
    III YEAR — V SEMESTER
    Core Course
    Major Paper XIII –– COST ACCOUNTING
    Time : 3 hours Max. marks : 75
    SECTION A — (5 × 6 = 30 marks)
    Answer any FIVE questions.
    1. Define Cost Accounting? Distinguish it from Financial
    Accounting.
    2. What is Merit Rating? Explain its importance.
    3. Calculate the earnings of a worker under
    (a) Halsey Premium Plan and
    (b) Rowan Scheme
    Time allowed = 48 hrs.
    Time taken = 40 hrs.
    Rate per hour = Re. 1.
    4. From the following data given by the Personnel
    Department, calculate the labour Turnover rate by
    applying :
    (a) Separation Method
    (b) Replacement Method
    (c) Flux Method.
    Number of workers on the pay roll :
    At the beginning of the month – 900
    At the end of the month – 1,100.
    During the month 10 workers left; 40 workers were
    discharged and 150 workers were recruited. Of these
    25 workers were recruited in the vacancies of those
    leaving while the rest were engaged for an expansion
    scheme.
    1

    [P.T.O.]
    1015 /1114
    COMM/BCMM

    5. Find out the EOQ and the number of orders per year
    from the following information :
    Monthly consumption 3000 units
    Cost per unit Rs. 54
    Ordering Cost Rs. 150 per order
    Inventory carrying cost 20% of the average inventory.
    6. From the following data available find out
    (a) Reorder level (b) Reorder quantity.
    Maximum Stock level — 42,000 units
    Budgeted consumption : Max : 7,500 units per month
    Min : 4,000 units per month
    Estimated delivery period : Max. 4 months
    Min. 2 months.
    7. Calculate Machine Hour rate :
    Cost of the machine — Rs. 1,100
    Scrap Value — Rs. 680
    Repairs for the effective working life — Rs. 1,500
    Standing charges for 4 weekly period — Rs. 40.
    Effective working life — 10,000 hrs.
    Power used 6 units per hour at 5 paise per unit. Hours
    worked in 4 weekly period : 120 hours.
    SECTION B — (3 × 15 = 45 marks)
    Answer any THREE questions.
    8. Explain the various classification of cost?
    9. Using information given draft stores ledger account
    showing quantities and value of receipts, issues and
    balance in hand under LIFO method of pricing stores
    issues :
    Jan. 1 — Balance in hand 1000 units Re. 1 each
    Jan. 4 — Received 500 units to issued on request from
    Dept. X Rate Rs. 2 each.

    2
    1015 /1114
    COMM/BCMM

    Jan. 15 — Received 3,000 units costing Rs. 3,300


    Jan. 30 — Issued 2,000 units
    Feb. 8 — Issued 500 units (Recd. On Jan. 4) to Dept. X
    Feb 12 –– Received 2000 units costing Rs 2,400.
    Feb. 27 — Issued 3,400 units.
    10. The accounts of a machine manufacturing company
    disclose the following information for the six month
    ending 31st December 1978 :
    Rs.
    Materials used 1,50,000
    Direct Wages 1,20,000
    Factory Overheads 30,000
    Administrative expenses 15,000
    Prepare cost sheet for the half year and calculate the
    price which the company should quote for the
    manufacture of a machine requiring materials valued
    at Rs. 1,250 and expenditure in productive wages Rs.
    750 so that the price might yield a profit of 20% on the
    selling price.
    11. A company has Three Production Departments and
    Two Service Departments , their respective xpenditure
    are given below :
    Production Service Departments
    Departments
    A — Rs. 800 X — Rs. 234
    B — Rs. 700 Y — Rs. 300
    C — Rs. 500
    Service Departments give service in the following manner to various
    departments :
    Service A B C X Y
    Departments
    X 20% 40% 30% — 10%
    Y 40% 20% 20% 20% —

    3
    1015 /1114
    COMM/BCMM

    You are required to show the distribution of Service


    Department O/H under simultaneous equation method.
    12. Prepare a Reconciliation Statement from the following
    details : [P.T.O.]
    Rs.
    Net loss as per Cost Accounts 3,44,800
    Net loss as per Financial A/cs 4,32,890
    Works overheads under recovered in costing 6,240
    Depreciation overcharged in costing 2,600
    Interest on investments 17,500
    Administrative overheads over recovered in 2,600
    costing
    Goodwill written off 92,000
    Stores adjustment in Financial books (Cr.) 950
    Depreciation of stock charged in Financial Books 13,500

    ———————

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