Chhatrapati Shahu Ji Maharaj University 2009 B.Com Cost Accounting - Question Paper

B.Com.(Part II) exam
Cost Accounting

part -A

Attempt both question(5 marks each)

Q1:Find out the method of the material on Last in 1st in 1st out method from the subsequent particulars:

Date volume Receipt Rate Date problem
2008 (kg) (Rs.) 2008 Qty(kg)

Feb 10 200 12 Feb. three 300
15 300 14 12 100
25 400 15 14 200
28 100 16 18 400
20
On first February,2008 the opening stock was 400kg valued at Rs.11 per kg.

Q2: In a factory 1000 units of product X were manufactured in the month of April 2008. From the subsequent figures found from the costing records ,prepare a Cost Sheet showing cost per unit :

Rs.
Raw Material Consumed 60,000
Direct Labour 30.000
Factory Overhead 40,000
Office Overhead 10,000
Sellin Overhead 20,000


Section-B
Attempt any 15 ques. (2 marks each)

Q3: From the subsequent info obtain out the economic order volume and number placed in the year:

Annual Consumption 4000 units
Buying cost per order Rs. 60
Price per unit Rs. 10

Storage and carrying cost as a
percentage of avg. inventory Rs. 3

Q4: What is the cost price method ?
Q5: What is Budgetary technique ?
Q6: What is perpetual inventory system ?
Q7: What is Input=Output ratio ?
Q8: What is Rowan Premium Plan ?
Q9: What is variable overhead ?
Q10:What is direct wage method ?
Q11:What is machine hour rate method ?
Q12:What is simple cost standard ?
Q13:Contract comleted is 3/4. Work certified 1/2 of contract price. Cost of 3/4 work is Rs.3.00,000.
compute the cost of work uncertified.
Q14:What is avg. unit cost method ?
Q15:Explain the concept of equivalent production .
Q16:Define operating cost.
Q17:What is a Long Book ?
Q18:What is cost of revenue ratio ?
Q19:What is non-itegrated system of accounting ?
Q20:Explain the general ledger adjustment account.

Section-C

Attempt any one question(10 marks)

Q21: From the subsequent particulars prepare(i) Profit & Loss Account(ii) a ststement of cost of manufacture calculating factory overhead at 25% of prime cost and office overhead at 75% of factory overhead (iii) a statement reconciling the profit shown by the cost account with that shown by the financial account. The selling price is fixed @cost+25%:

Stock on first January 2008: Rs.
Raw material 4,000
Finished goods 8,000
Stock on 31stDecember, 2008
Raw material 6.000
Finished goods 2,000
Purchase of raw material 24,000
Wages 10.000
Sales 65,000
Factory expenses 7,750
Office expenses 6,100

Q22: As a cost of a large organisation define the procedure you would adopt with regard to labour and materials cost.

Earning:   Approval pending.