Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 10 views

    Commerce Bba Semester 2 2022 November Basics of Cost Accounting 2019 Pattern

    Uploaded by

    Dhaval Bakliwal

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Commerce Bba Semester 2 2022 November Basics of Cost Accounting 2019 Pattern

    Uploaded by

    Dhaval Bakliwal
    10 views4 pages

    Original Title

    Commerce Bba Semester 2 2022 November Basics of Cost Accounting 2019 Pattern (1)

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

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

    Commerce Bba Semester 2 2022 November Basics of Cost Accounting 2019 Pattern

    Uploaded by

    Dhaval Bakliwal

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Total No. of Questions : 4] SEAT No.

    PA-1900 [Total No. of Pages : 4


    [5953]-204
    F.Y. B.B.A. (Semester - II)
    204 : BASICS OF COST ACCOUNTING
    (2019 Pattern)

    Time : 2½ Hours] [Max. Marks : 70


    Instructions to the candidates :
    1) All questions are compulsory.
    2) Figures to the right indicate full marks.
    3) Use of calculator is allowed.

    Q1) A) Fill in the blanks : [5]


    a) _________ is the application of costing and cost accounting
    principles, methods and techniques.
    b) A ______ is a unit of product, services on time in relation to which
    cost may be ascertained or expressed.
    c) Carriage outward is an example of _______ overhead.
    d) Any loss in excess of the estimated loss is known as _______
    e) Material consumed is the result of opening stock of material add
    purchases less ______
    B) State whether the following statements are True or False : [5]
    a) Financial Accounting has been developed out of the limitations of
    Cost Accounting.
    b) Profit on every contact is computed only when the contract is
    completed.
    c) Cost accounting is historic in nature.
    d) Indirect Material is an example of overhead cost.
    e) Each contract is treated as a separate cost unit.
    C) Define the following terms : [5]
    a) Cost Accounting
    b) Direct Labour
    c) Fixed Cost
    d) Apportionment of Overhead
    e) Cost Sheet

    P.T.O.
    Q2) Write short notes on (any four) : [20]
    a) Classification of Overhead on the basis of Elements.
    b) Accounting of Overhead
    c) Difference between Financial Accounting and Cost Accounting
    d) Contains of Cost Sheet.
    e) Methods of Costing.

    Q3) The accounts of Raghav Manufacturing Company for the year ended March,
    2022 show the following : [15]
    Particulars Rs.
    Material Purchased 1,90,000
    Travelling Expenses 2,000
    Traveler’s Salaries and Commission 9,000
    Factory office salaries 6,000
    General office salaries 13,000
    Carriage outward 4,000
    Carriage on purchases 7,000
    Bad Debts 7,000
    Repairs of Plant and Machinery 4,000
    Rent, Rates, Taxes and Insurance :
    Factory 9,000
    Office 2,000
    Sales 4,50,000
    Stock of Materials
    1st April, 2021 62,800
    st
    31 March, 2022 48,000
    Income Tax 1,500
    Productive Wages 126,000
    Depreciation
    Plant and Machinery 6,000
    Furniture 300
    Directors Fees 6,500
    Gas and Water :
    Factory 1,200
    Office 400
    Dividend 10,000
    General Expenses 3,400
    Managers Salary (¾ factory and ¼ office) 10,000

    [5953]-204 2
    Prepare cost sheet giving the following information :
    a) Material Consumed
    b) Prime Cost
    c) Factory Cost
    d) Cost of Production
    e) Total Cost
    f) Net Profit.

    Q4) A) Vivek Constructions Ltd., Pune undertook a contract of Rs. 8,00,000


    for the construction of a Hotel Building on 1st April, 2021. The following
    information is taken up from the Contract Ledger as on 31-3-2022:[10]
    Particulars Rs.
    Cash received being 90% of work certified 3,60,000
    Material directly issued from stores 120,000
    Material purchased 50,000
    Scrap Material sold 9,000
    Material transferred to other contract 11,000
    Materials in hand on site 10,000
    Materials returned to stores 6,000
    Direct wages paid and payable 85,000
    Direct charges 45,000
    Overheads charged to contract 40,000
    Subcontract Cost 9,000
    Cost of Additional Work 3,400
    Outstanding Direct Expenses 1,600
    Plant purchased on 1-4-2021 and issued directly 80,000
    Plant transferred on 1-4-2021 to other contract 60,000
    Uncertified work being 8% of certified work.
    You are required to prepare Contract Account

    [5953]-204 3
    B) A product X produce in Krishna ltd. Nashik passes through three
    processes A, B & C. 10,000 units were issued to process ‘A’ in the
    beginning at cost of Rs. 10 per unit. Prepare process account assuming
    that there was no opening or closing stock.
    The following information is made available: [10]
    Particulars Process A Process B Process C
    Sundry Materials (Rs.) 10,000 15,000 5,000
    Wages (Rs.) 50,000 80,000 65,000
    Direct Expenses (Rs.) 15,300 18,100 30,828
    Normal Scrap(%) 3 5 8
    Value of Scrap per unit(Rs.) 2.50 5.00 8.50
    Actual Output (units) 9,500 9,100 8,100

    

    [5953]-204 4

    You might also like