Bangalore University 2006 B.Com COST ACCOUNTING - Question Paper

IV SEMESTER B.COM EXAMINATION,MAY/JUNE 2006

COST ACCOUNTING

SECTION-A

1. ans ANY TEN OF THE subsequent .EACH CARRIES two MARKS(10*2=20)
a)Distinguish time study from motion study
b)Define costing
c)What are `Notational Expenses`?Give example
d)What is lead time?
e)Mention any 4 Non-Monetary incentives
f)Give the meaning of semi-variable cost.Give an example
g)Distinguish ranging from works on cost and works cost?
h)What is Marit Rating?
i)How do you treat work-in-progress in cost sheet?
j)How will you apportion the subsequent expenses among different departments?
i)Depreciation
ii)Rent
iii)Repairs
iv)Supervision
k)Write any 4 items which appear only in financial accounts
l)Find out the EOQ from the subsequent
Annual usage 6,000 units,cost of material per unit Rs.20,cost of placing and receiving 1 order Rs.60,annual carrying cost of 1 unit 10% of inventory value

SECTION-B

ans ANY 5 OF THE subsequent .EACH CARRIES five MARKS(5*5=25)

2What is a cost sheet?What are its advantages?

3.Briefly discuss the different techniques of inventory control

4.Explain the subsequent methods of wage payment:
a)Taylor`s differential piece rate system
b)Merrick`s multiple piece rate system

5.What is Reconciliation Statement?List the reasons for the difference ranging from
profit shown by cost and financial accounts

6.A Modern Spares supplies you the subsequent figures for the year 2001:
Production 1,000 units
Cost of materials Rs.20,000
Labour Cost Rs. 12,000
Factory overhead Rs.8,000
Office overhead Rs. 4,000
Selling expenses Rs.1,000
Rate of profit 25% on selling price
The manufacturer decides to produce 1,500 units during the year 2002.It is
estimated that cost of raw material will increase by 20%,labour cost will
increase by 10%,50% of overhead charges are fixed and other 50% of the
overhead charges are variables .The selling expenses per unit will be
decreased by 20%.The rate of profit will remain the identical.Prepare a statement
for 2002 showing i) Total profit and ii) Selling price per unit.

7.Calculate a)Re-order level b)Re-order volume and c)Maximum stock level
Minimum stock level:2,550 units
avg. stock level:4,550 units
Consumption:Minimum 800 units per month
Maximum 15000 units per month
Delivery period:Minimum two months
Maximum four months

8.From the subsequent info ,prepare Stores Ledger Account under Simple
avg. method

Jan 2005,1 Received 500 units at Rs. 20 per unit
" 10 Recieved 300 units at Rs. 24 per unit
" 15 Issued 700 units
" 20 Recieved 400 units at Rs.28 per unit
" 25 Issued 300 units
" 28 Recieved 500 units at Rs. 22 per unit
" 31 Issued 200 units

9.Compute the machine hour rate from the subsequent data
Cost of the Machine Rs. 2,00,000
Installation charges Rs. 20,000

Earning:   Approval pending.