Cost Accounting Question Paper

 lV Semester B.Com. Examination, September/October 2021

 (CBCS) (F + H) (2015-16 and Onwards) 

COMMERCE 

Paper - 4.4: Cost Accounting

Answer any five sub-questions, each question carries two marks          (5x2=10)

1. a) What is cost sheet 

 b)Define cost accounting. 

c)How do you calculate bonus under Halsey premium plan ? 

d)Define overhead.  

e)State the purpose of preparing a reconciliation statement.

f)What is Bincard ? 

g) What is Chargeable Expenses ?


 SECTTON _ B

Answer any three questions, each carries six marks : :  (3x6=18) 

2. What are the essentials of a good wage payment ? 

 3. Calculate Re-order level, maximum level' minimum from the following information : 

Re-order quantity 1500 units 

Re-order Period 4 to 6 weeks 

Maximum consumption 400 units per week 

Normal consumption 300 units per week 

Minimum consumption 250 units per week' 

4.Standard time allowed for a job is 30 hours at the rate of Rs.100 per hour.Actual time saved by a worker is 6 hours.Calculate the earning under Halsey System and Rowan system.

5.From the following figures prepare a Cost Sheet showing cost per unit and profits. 

Flaw materials consumed Rs. 80,000 

Direct wages Rs. 48,000 

Machine hours worked 8000 hours 

Machine hour rate Rs. 4 

Office overhead - 10% of factory cost

 Selling overhead - Rs. 1.50 per unit 

Units produced - 4000

 Units sold - 3600 @ Rs. 50 each.

6. Prepare stores ledger under FIFO method from the following information : 

June 07,2020 Purchased 500 units @ Rs' 12 per unit 

June 13,2020 Purchased 700 units @ Rs' 10 per unit 

June 22,2020  issued 1,000 units 

June 25,2020 Purchased 1,500 units @ Rs 8 per unit 

June 30,2020 issued 1,000 units'

Section C

Answer any three questions. Each answer carries 14 marks :    3 x 14=42

7. The following data is furnished by a company for the year 2019 : 

Stock of materials on 1-1-2019           70,000

Stock of materials on 31-12-2019           10,000

Purchase of materials         1,00,000

Factory wages          2,00,000

Factory expenses    36,000

Administrative expenses     44,000

Opening stock of finished goods on 1-1-2019         Nil

Closing stock of finished goods on 31-12-2019        40,000

Sales    5,00,000

Production during 2019 was 4000 units

The company wants to quote for a contract for the supply of 1000 units during the year 2020. During 2020, the cost of materials increased by 15% and that of factory wages by 10%. Prepare a statement of cost for the year 2019 and a tender statement for 2020 showing the price to be quoted per unit, if the same percentage of profit is maintained as in the previous year. Assume the overhead charges per unit will be the same as in 2019.


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