Madurai Kamraj University (MKU) 2007 B.Com Practical Costing - Question Paper
Practical Costing
6189/SC 1/BP4 OCTOBER 2007
Optional (a) (1) PRACTICAL COSTING
(For those who joined in July 2003 and after)
Time : Three hours Maximum : 100 marks
Answer any FIVE questions.
All questions carry equal marks.
1. L_0&lancoa ffi685rlujoSl65r gleoaaasmb <65T
Define cost accounting and explain its objectives.
2. ffiffsrru GlufT0il0O6rr QffincrT(ipd) Qffuliaj(brT68T uin.(Lp0O(DaDen <s0LDrrffi Sleuifl.
Briefly describe the steps involved in purchase of raw materials.
3. i_aSls5)eu iDjDpib jilluSlujel) <5r@eiT
u655ri51@Lb @a)rrur&j6TT Gojnji ui_ mjss5nijc*OT ujrranaj?
What are the causes for difference between profits shown by cost books and financial books?
4. i;Lpan,asniLb 6filuijiHjOT 2006 iruija) LDirih @0 Ourr0STT a_fbul@ Qfruirufr65T0niaiuJrr0th.
0.
giatjuuilL:* aifffrT QurT0Lls6fT 80,000
Gi5i7i|_ a.(o51 48,000
0Du Giup Qff<a>6n6n- 32,000
jai6U<5 <3 HMD QffCU640T J,0D6O 1096
6]S1|DLJ0O65T GlDrbQff6064ffi6tT t0@ 6rTf61(f)@ 0. 1.50
e_jbu a)@6tT 4000
aSlrbuanajr 6u@cSCTr 3600 0. 50 sSld
Nsu@ Qmrfjlen L.aaib Loppth aaaeo&nm IsurrueiDffi amLQth c9li_aS)0OOu uiLui.ili65>sd ulhtit Qffulifls.
The following data relate to the manufacture of a product during the month of April 2006.
Rs.
Raw materials consumed 80,000
Direct wages 48,000
Rs.
Factory overheads 32,000
Office overheads 10% on factory cost Selling overheads Rs. 1.50 per unit Units produced 4000 Units sold 3600 units at Rs. 50 each
Prepare a cost sheet showing cost per unit and profit for the period.
5. ijyagrrfflLD /5] STofluj ffijrrfffl
QpaofDuSleb <li_ri( GuGijlL u-imr QffuLis.
QupsbffiOT ULprij(5><5erT
aSlaosu
15.3.2006 200 2
18.3.2006 300 2.40
25.3.2006 - - 250
28.3.2006 250 2.60
30.3.2006 - - 200
Prepare stores ledger account under simple average method.
Receipts Issues Qty Price Rs.
15.3.2006 200 2
18.3.2006 300 2.40
25.3.2006 250 '
28.3.2006 250 2.60
30.3.2006 - - 200
6. JsLpss/TgpLb GSlutrmisafla) $ <3iTy5ia>nreifl@
0fT(5i<siju@Lb ujebufTajT uMrjpii) u51n msu ah.5)ouJs
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|
6ULp<5L0ffffi G6U6if>60 QUJU-Jth GnjlJLD fBTOT
8 U5wfl6iT-61JLp555LDn'e5T Stfi.6) 6fil$LD LDsrfl 6ffTflj)0 0. 1. JBITGrT
mf)lrbgj 9 LecrflffierT 6U6tf)IJ 6llLpffiLDrtOTr &tl<sS\ oS).)si(pLb
9 LDiscrfla Gld)10 ixn_r&j0 <sM<$(y)Lb
I
cbcogj
UtTIJ)p@ 48 LD65jf)<S6rr QJ0DIJ 6U LpLDfr65I Sn.e51 aS)<]<5(y)ii>. 48 LoesBfl G(Bijn)@ Gl>G&) g)0iDi_rii( <s.aSl aS1<flfi5(LpLb. qogu Hrerorii)-) sr] QrtLla)rTGrfi<50 GTTGlSllob UUJ65T <9i-lq-UjGrT ] (aiLpiidULj($lL>.
Calculate the normal and overtime wages payable to a workman from the following data :
Days Hours worked
|
Monday |
8 |
|
Tuesday |
10 |
|
Wednesday |
9 |
|
Thursday |
11 |
|
Friday |
11 |
|
Saturday |
5 |
Normal Working hours per day 8 hours normal wage rate Re. 1 per hour overtime rate upto 9 hours in a day at single rate and over 9 hours in a day at double rate.
Or
Upto 48 hours in a week at single rate and over 48 hours at double rate which ever is more beneficial to the workmen.
|
7. LbaffirrggniLD oS)urrrjaT 60 <j,B)6DuSl6isr a_rbu.$<l gjcmjD m_ITU rT65T65)LI UJ fT0 ii. | ||||||||||||
| ||||||||||||
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Geurbpsug) Qrri_iTun-65T <5U6ba5erTrr<5U65T. - |
UlLI65rU@UULLl_QuiT0LL6iT 0.2,000
GjBtruj. ffin-oSl 0.1,650
a_0S)LpUL) l>655flfT 1650
! \j}LO|[)WLiyiUJ uvyvnw ** _______
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() Grbijiq. sn-sSl (LpcmjD
(j,) a_6S)q ldcmR (ipenrD
i
(@) OTijlijiiDcssfl (ipenp.
GmrDQffsosLiacfT uassfl jjeoOTruSldtf oSlrr# ffrrld) 2_eiTerT0fr cramp <:9)gi)LDn'6sflcS6iri.
The following information relate to the production
department of a factory.
Materials used Rs. 36,000
Direct wages Rs. 30,000
Labour hours worked 24000
Hours of machine operation 20000
Overhead chargeable to the department Rs. 25,000
On one order carried out in the department the relevant data were :
Materials used Rs. 2,000
Direct wages Rs. 1,650
Labour hours 1650
Calculate the overhead chargeable to the above job under the following methods (a) Direct wages method
(b) Labour hour method and (c) Machine hours method.
Assume that overheads are proportional to the job order.
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UL_ljq_lU6b 6jS6ffn$0D6ffTd5 SSU-imT QfflLI.
ffiffffrr Qurr0il<K6n- g|ffiijuutli_i . 30,000
2_5)Lpuq 0.60,000
cmsoGLDjb QffU6L|6tT j,ginco 40% ih
piai6u GtBipQffsueijffiefr Qld(t 9ji_<Ka565r 20% S5TffitLUU(gl$STrDOST cffiSITGOSGO 6filn)U0DGS7 QffUJUJUUlLl-c|D06rr 180. |CO0 6<ssTn51cffT 6iSlpuiSS)6ffr oSlaoo) . 1,200.
From the following information prepare a cofet sheet.
Raw materials consumed Rs. 30,000
Labour Rs. 60,000
Works overhead is calculated at 40% of works cost and office overheads at 20% of total cost. During the period 180 units were sold. Selling price per unit is Rs. 1,200.
9. 60 uu)-(ip6nrDufilcb $mf))(i) 0. 20 eSssib
600 6O0sh- <)n51(Lpuu(SlLJuili_65r. iLnsburrsn- (biIlld a_6TT6i!Fu.isb 20% <,0Lb. lucburresr <=9)o)(Sj.56rr
ajQeurraipih 0. 3a SlrbauuQlfogi uuiq- (yjsojDuSlosT 2_f)LpuL| LOfDpii) Gldjd QffsuQffierT 0. 1,320 @Lb. iuuh). (M_pcff>n0usisu 500 *$|6D(gS6TT 2_(f)U QffUJUULJUll (LpiCLljbp
ffiSRrrs<)rD@ LDrrfi)n)LliuL_L_65r. uiq.(y>eon) &6m&(8j LDjfjpLD
ffrrrTrraafr rruja <KS55r@0!)iotT iuitit Qffuju_|ii>frp Slir GffirrijuuglilfiT.
In a process 600 units were introduced at Rs. 20 per unit. The normal process loss is 20% of the input. The normal loss of unit is sold at Rs. 3 per unit. Labour and overhead expenses for the process amounted to Rs. 1,320. 500 units were completed in the process and transferred to finished stock account. You are required to prepare the process account and abnormal gain account.
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10. maarreroiLD aSluijijGifla> l0J ffffiasLlfJlLi cSjffilffiao 66inTnfjl6B65T; ILIIT[T QfflLI. | ||||||||||||
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<361>6L|6TT |
li_6iSlana) g'@aflb GiuiDiTarrib 12,500
j0$uSliuu 5r@eif)b GuuiBrranib 11,200.
lluSliua) g'Qsafla) uIujuljl_it (ip5str LSrrsn gulLii). 8,000
il$uSlujeb gr@6ifisb urbrpn6uauutli_ ajQrry)6U 5,700
i)j)uS)ujd> g-@oflb ujbpenajaauuuL. Qj0LDirasr ojifl 40,300
i0IuSIuj) g-afla) 6U17G4 aBaiuuili_ jrejl ajLuj. 750
iflluSlujffl) eurreii anajffiuuili_ uasm_ 475
$$uS1uj) 5Taflsb urf)pa)ajLiuili_ STjsii)0UL| Giutnrramb 6,750
From the following information prepare a statement of reconciliation
|
Rs. | |
|
Net profit as per financial records |
1,28,775 |
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Net profit as per costing records |
1,72,400 |
|
Works overhead under recovered in cost books 3,100 | |
|
Administration overhead over recovered in cost books 1,700 ! | |
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Depredation in cost books |
1 12,500 |
|
Depreciation in financial books |
1 ' 11,200 |
|
10 |
6189/SC1/BP4 |
Rs.
Interest on investments recorded in financial books 8,000
Obsolescence loss charged in financial books 5,700
Income tax debited in financial books 40,300
Bank interest credited in financial books 750
Stores adjustment credited in financial books 475
Depreciation of stock debited in financial books 6,750
11 6189/SC1/BP4
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Attachment: |
| Earning: Approval pending. |
