Gulbarga University 2009-5th Sem B.Com COMMERCE (Group-A) - Question Paper

Instruction : Figures to the right indicate full marks.

SECTION-A
Note : ans any ten questions: 10x2=20
1. a) What is the meaning of variable costs?
b) Write the formula of Halsey plan of wage payment.
c) What do you mean by cost audit?
d) What is the meaning of labour turnover?
e) Define overheads.
f) On what bases you divided the subsequent expenses?
1) Rent 2) Depreciation.
g) What is meant by ideal order quantity?
h) Write the meaning of time-keeping.
i) Define fixed costs.
j) What do you mean by inventory control?
k) Name any 2 methods of apportionment of overheads.
l) What do you mean by piece rate system of wage payment?

SECTION-B
2. Define cost accounting and discuss steps involved in 'cost control'.
3. Calculate the earnings of Mr. Prabhakar under
a) Time rate and
b) Piece Rate, from the subsequent information: Norma wages per day of eight hours Rs. 24 true hours worked by Mr. Prabhakar 12 hours Standard output per day of eight hours 20 units. true output turned out by Mr. Prabhakar 32 units.
4. Calculate :
a) Average stock level and
i. Opening stock 16000 units.
ii. Closing stock 12000 units.
iii. Maximum usage 15000 units per week.
iv. Maximum delivery time two weeks.
5. Calculate :
a) Labour hours rate.
b) Labour cost rate in percentage and
c) Machine hour rate from the following:
i. Overheads of dept. X Rs. 40,000
ii. Labour hours worked in dept. X, 800 hours.
iii. Labour cost of dept. X Rs. 1,60,000
iv. Machine hours of dept. X 500 hours.
6. Narrate 5 points of distinction ranging from cost accounting and financial accounting.
part – C
Note : ans any 3 questions: 3x15=45
7. From the subsequent info prepare stores ledger under "Weighted avg. Method".:
1-1-2008 Opening stock 600 units at Rs. three per unit.
4-1-2008 Purchases 1200 units at Rs. four per unit.
6-1-2008 Issued 1000 units.
10-1-2008 Purchases 1400 units at Rs. four per unit.
15-1-2008 Issued 1600 units.
20-1-2008 Purchases 600 units at Rs. five per unit.
25-1-2008 Issued 200 units.
8. Standard time fixed is 72 hours.
Time taken in 60 hours.
Wage rate Rs. four per hour.
compute total wages and hourly rate of earnings under:
1. Time rate method.
2. Halsey plan and
3. Rowan plan.
9. The subsequent info were collected from MAYTAS Co. Ltd.:
Minimum usage 200 units per week
Maximum usage 400 units per week.
Re-order period or delivery time: Minimum two months.
Re-order period or delivery time: Maximum four months.
Re-order volume 8000 units
From the above, calculate:
1. Re-order level
2. Maximum stock level and
3. Minimum stock level.
10. The subsequent data are collected from the departmental distribution summary of Sangameshwar Industrial Unit:
Production Departments: Overheads (Rs.)
A 10,000
B 9,000
C 8,000
D 7,000
Service Departments: Overheads (Rs.)
Transport 5,500
Power supply 3,800
The service dept. expenses are charged out on percentage basis as provided below:
Departments A B C D Transport Power supply
Transport
Expenses 10% 30% 20% 20% - 20%
Expenses 30% 20% 30% 10% 10% -
Prepare secondary distribution summary by subsequent "simultaneous equation" method.

11. Calculate machine hour rate for machine No. 4. which is in a production department of a factory. The subsequent info relates to machine No.4. Normal working hours per annum 1800.
Fixed charges:
1) Rent and Taxes Rs. 1,200 p.a.
2) Supervisor's salary Rs. 3,000 p.a.
3) Electricity charges Rs. 4,000 p.a.
4) Insurance Rs. 1,000 p.a.
5) Operator's wages Rs. 2,000 p.m.
6) Other departmental overheadsRs. 3,000 p.a.
Variable charges:
a) Charges for oil, cotton waste etc. Rs. 600 per annum.
b) Repairs and maintenance Rs. 720 per annum.
c) Depreciation based on the subsequent information:
i. Cost of the machine Rs. 42,000
ii. Estimated scrap value at the end of working life of 10 years Rs. 4,000.


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B.Com V Semester Degree exam

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