Tamil Nadu Open University (TNOU) 2009-3rd Year B.Com .>>COST ACCOUNTING>>E .>> - Question Paper
B.Com. DEGREE exam –
JUNE 2009.
(AY 2004–05 batch onwards)
Third Year
COST ACCOUNTING
Time : three hours Maximum marks : 75
part A — (3 ´ five = 15 marks)
ans any 3 ques..
All ques. carry equal marks.
1. describe Cost Accounting and discuss its objectives.
2. Write a note on ABC analysis.
3. discuss the Time rate and Piece rate systems of wage payments.
4. What is Job Costing?
5. What is Contract Costing?
part B — (4 ´ 15 = 60 marks)
ans any 4 ques..
All ques. carry equal marks.
6. Distinguish ranging from Cost Accounting and Financial Accounting.
7. 2 components A and B are used as follows in an
organisation :
Normal Usage – 60 kilo per week
Minimum Usage – 30 kilo per week
Maximum Usage – 90 kilo per week
Reorder volume – ‘A’ 600 kilos
‘B’ 800 kilos
Reorder period – four to six weeks for ‘A’
– two to four weeks for ‘B’
compute :
(a) Re–order level
(b) Maximum level
(c) Minimum level and
(d) avg. stock level.
8. Standard time allotted for a job is 20 hours and the rate per hour is Rs. 20 plus a dearness allowance of Rs. five per hour worked. The true time taken by a worker is 15 hours. compute the total earnings under
(a) Time wage system
(b) Piece wage system
(c) Halsey plan
(d) Rowan plan.
9. Draw a statement of Cost from the subsequent
particulars :
Particulars Rs.
Opening Stock : Materials 2,00,00
0
Work in progress 60,000
Finished Goods 5,000
Closing stock : Materials 1,80,00
0
Work in progress 50,000
Finished Goods 15,000
Materials purchased 5,00,00
0
Direct wages 1,50,00
0
Manufacturing expenses 1,00,00
0
Sales 8,00,00
0
Selling expenses 20,000
10. Prepare process accounts from the subsequent details :
Process A Process
B
Materials (Rs.) 30,000 3,000
Labour (Rs.) 10,000 12,000
Overhead (Rs.) 7,000 8,600
Number of inputs in units 20,000 17,500
Normal loss 10% 4%
Sales value of waste per unit (Rs.) 1.50 2.50
The final output from the Process B was
17000 units.
11. The sales of a Company are Rs. 5,00,000, variable
costs are Rs. 3,00,000 and Fixed Costs are Rs. 1,00,000.
Calculate
(a) P/V ratio
(b) Break Even Point (in rupees)
(c) Margin of safety (in rupees).
12. From the subsequent info prepare cost and
financial profits’ reconciliation statement :
Rs.
Profits as per costing books 45,030
Income Tax given in financial books 4,000
Bank Interest (Cr.) in financial books 150
Depreciation recovered in cost books 3,000
Depreciation charged in financial books 2,800
Works overheads over recovered 550
Administrative overheads under recovered 450
Interest on investments not included in cost accounts 1,200
Stores adjustments (Credit in financial books) 120
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ws 3
UG-722 BCO-31B.Com. DEGREE EXAMINATION -JUNE 2009.
(AY 2004-05 batch onwards)
Third Year
COST ACCOUNTING
Time : 3 hours Maximum marks : 75
SECTION A (3 x 5 = 15 marks)
Answer any THREE questions.
All questions carry equal marks.
1. Define Cost Accounting and explain its objectives.
<sX Au*
OT<50<S.
2. Write a note on ABC analysis.
ABC U0UUlL(| U0 0UL| IIIJ<S.
3. Explain the Time rate and Piece rate systems of wage payments.
0p E0uZVGffi0P pW
4. What is Job Costing?
Gi AhUa OTwpm gwot?
5. What is Contract Costing?
JUUU ALffiffi OTWpm gwot?
SECTION B (4 x 15 = 60 marks)
Answer any FOUR questions.
All questions carry equal marks.
6. Distinguish between Cost Accounting and Financial Accounting.
ALUffi0U <snUQwi pp |V|0U <snUQwi
GpukaOTz U.
7. Two components A and B are used as follows in an organisation :
Normal Usage - 60 kilo per week Minimum Usage - 30 kilo per week Maximum Usage - 90 kilo per week
Reorder quantity - A 600 kilos B 800 kilos Reorder period - 4 to 6 weeks for A
- 2 to 4 weeks for B
Calculate :
(a) Re-order level
(b) Maximum level
(c) Minimum level and
(d) Average stock level.
h GOTp C uQjnOT<SOT J Cwi(L|u uwunk - ainjzVp 60 QGn SpU Afl uwunk - ainjzVP 30 QGn Ea\ uwrounk - ainjzVP 90 QGn p QsnOTu Aot - h 600 QGn 800 QGn p BnU <snrn - h 4 u 6 ainji<sOT - 2 u 4 ainji<sOT
(a) p
(b) Ea\ aot |0
(C) @pu Aoti |0 0p
(d) ffijUQui_| |0
8. Standard time allotted for a job is 20 hours and the rate per hour is Rs. 20 plus a dearness allowance of Rs. 5 per hour worked. The actual time taken by a worker is 15 hours. Calculate the total earnings under
(a) Time wage system
(b) Piece wage system
(c) Halsey plan
(d) Rowan plan.
j uiOIUsn'ffi jxUuLL G{ij
20 OI<sOT. j Ol G{ijzX@ 20
OIQwp<0 . 5 QsnkUffiuukQpx- Auud i<s<s j G@ZiUQp*L G{IJ 15 OlffiOT.
(a) G{Ut p,
(b) X@U p,
(C) G] VmL,
(d) Gijn'ai VmL BQ0ui al QZU \uVU_ffiOT iun0i?
4 UG-722
|
9. Draw a statement of Cost from the following particulars : | ||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||
|
i3i0 AlUs0u uLiffl Umi Qffiffi. |
laiijiOT 0.
BTu @0ul| : uQun0OTOT 2,00,00
0
ipn \ijUQ0ul| 60,000
laiijiOT
iipp \ijUQ0ul CpV @UL : uQu0otot
0.
1,80,00
ip \ijUQ0ul ipp \ijUQ0ul
|
uQu0otot aiiQx |
5,00,000 |
|
G{i |
1,50,000 |
|
E0UzV |
1,00,000 |
|
d0UOT |
8,00,000 |
|
0U Qffa|OT |
20,000 |
|
10. Prepare process accounts from the following details : | |
|
Process A Process | |
|
B | |
|
Materials (Rs.) |
30,000 3,000 |
|
Labour (Rs.) |
10,000 12,000 |
|
Overhead (Rs.) |
7,000 8,600 |
|
Number of inputs in units |
20,000 17,500 |
|
Normal loss |
10% 4% |
|
Sales value of waste per unit (Rs.) |
1.50 2.50 |
|
The final output from the |
Process B was |
|
17000 units. | |
|
Qffinsk uipU | |
|
<sn<s0<sOT uir Q\iL<s. | |
|
6 |
UG-722 |
|
Q\wp A |
Q\wp B | |
|
ffluQuFLffim (0.) |
30,000 |
3,000 |
|
(0.) |
10,000 |
12,000 |
|
G0Q\pot (0.) |
7,000 |
8,600 |
|
EOT Q\pzV A@POT |
20,000 |
17,500 |
|
CUOT {LL |
10% |
4% |
|
0uot rnuM A@ |
1.50 |
2.50 |
Q\iLip B CX CpV ffijU
17000 a@ot.
11. The sales of a Company are Rs. 5,00,000, variable costs are Rs. 3,00,000 and Fixed Costs are Rs. 1,00,000. Calculate
(a) P/V ratio
(b) Break Even Point (in rupees)
(c) Margin of safety (in rupees).
J0 0, 5,00,000. n'p
ALsaffl* 0, 3,00,000 0p ALsaffl*
0, 1,00,000 <snUQ<s.
(a) Cu aoti Q<s
(B) CU {LL0p L|OT (UF)
(C) UXUL 0UOT (0U).
12. From the following information prepare cost and financial profits reconciliation statement :
Rs.
Profits as per costing books 45,030
Income Tax provided in financial books 4,000
Bank Interest (Cr.) in financial books 150
Depreciation recovered in cost books 3,000
Depreciation charged in financial books 2,800
Works overheads over recovered 550
Administrative overheads under recovered 450
Interest on investments not included in cost accounts 1,200
Stores adjustments (Credit in financial books) 120
Lwl ALffiffi 0p
CUi<sOT<j ffiflamk ULia uUa.
.
AhUffiU LZUiwUi Cu 45,030
ot LZUia GuU Qu0px 4,000
iiQ Li (iiji) LZUia 150
Guot alUU awUQffl GsUUppx 3,000
Guot |V anUQa gVX 2,800
Qup\ Q\ot aV dZuX 550
|a Q\ot sp Dzux 450
Uk X Li alUU nUQa 1,200
8 UG-722
Gffir<s<suui_ux
Qu00uq QffiLuX (|V ffn" snUQ
9 UG-722
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Attachment: |
| Earning: Approval pending. |
