Veer Narmad South Gujarat University 2011-2nd Year B.Com SB-0434 BC-24 : Cost Accounting ( Honours ) - Question Paper
Second Year B. Com. (Honours) Examination March / April - 2011 BC-24 : Cost Accounting
Time : Hours]
[Total Marks : 70
Instructions :
Seat No.:
M 6iR<a PUiM'kiufl Rpicii S-ruqtil u?
Fillup strictly the details of signs on your answer book.
Name of the Examination :
S. Y. B. Com. (Honours)
Name of the Subject:
BC-24 : Cost Accounting
-Section No. (1,2,.....): Nil
Student's Signature
-Subject Code No.:
(2) Each question having 10 marks.
(3) Figures to the right hand side indicate full marks of the question.
(4) Show necessary calculations as a part of your answer.
1 Write answer of the following questions : 3
(i) A Transport Co. maintains a Fleet of Vehicles for carrying goods between two places. Particulars of which are as follows:
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No. of Vehicles |
10 |
5 |
20 |
|
Capacity (in tons each) |
2 |
6 |
5 |
Each Vehicle makes 5 trips a day covering a distance of 10 kms. In each trip. On an average 10% of vehicles are laid up for repairs daily and 80% of capacity of each vehicle is actually used. If a Company operates 25 days in a month, calculate the total tone kilometers per month carried by the Company.
(ii) The following figures relate to three jobs of 4
Manufacturing business :
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Job-1 Rs. |
Job-2 Rs. |
Job-3 Rs. | |
|
Direct materials |
600 |
800 |
1,000 |
|
Direct labours |
400 |
600 |
700 |
|
Direct expenses |
60 |
80 |
100 |
Works overhead is 50% on prime costs and office overhead is 10% on works cost.
Find out the total costs of each job.
(iii) The information regarding workers of X Limited is 3
as under :
(a) No. of Workers on 1-3-2011 ...........................540
(b) No. of Workers on 31-3-2011...........................?
(c) No. of Workers who have resigned.................54
(d) No. of Workers dismissed .................................16
(e) No. of Workers who have retired....................38
(f) No. of Workers newly appointed...................272
(Of which 200 workers were taken under expansion plan)
(g) Labour turnover rate as per flux method .. 30%
Find out No. of workers on 31-03-2011.
2 Natraj Pencils Limited manufactures two types of 10
Pencils namely Kinjal and Niyati. The following information
is available.
(i) Total direct materials was 60% of total factory cost and the direct material per Unit in Kinjal Pencil consists twice as much as that in Niyati type Pencil.
(ii) Total direct wages was 28% of total factory cost and direct wages per unit for Niyati Pencil was 90% of those for Kinjal Pencil.
(iii) Production overheads were 20% of direct material in both the type of Pencils.
(iv) Total office overheads were 15% of total factory cost and the office overhead per unit in Niyati Pencil was 1/3 of those for Kinjal Pencil.
SB-0434] 2 [Contd...
(v) Selling overheads were 10% on cost of production of goods sold.
(vi) Total factory cost was Rs. 45,000
(vii) The following data refers to March-2011 :
|
Particulars |
Kinjal |
Niyati |
|
(a) Production (in numbers) (b) Sales (% of production) (c) Sales (in numbers) (d) Selling price per unit |
6,750 80% 5,400 Rs. 5 |
13,500 70% 9,450 Rs. 3 |
There was no work -in-progress and raw-material stock in the begining or at the end of March-2011 Prepare a cost statement.
3 In a factory, there are three production department. 10
The details of the expenses, during March, 2011, are as
under :
Rs.
Indirect wages..........................................................1,300
Insurance..................................................................3,300
Canteen Expenses...................................................6,000
Lighting....................................................................2,000
Rent and rates.........................................................5,000
Contribution of ESI..................................................650
Depreciation............................................................16,500
Power.........................................................................9,000
Factory managers salary.....................................18,000
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Other information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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A, B and C are production department and two service department D and E. The benefit of service department D and E is derived by the other departments in the following proportion : | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Particulars |
A |
B |
C |
D |
E |
|
Department D |
20% |
30% |
40% |
- |
10% |
|
Departmnet E |
30% |
40% |
30% |
- |
- |
Prepare a statement showing :
(i) Distirbution of overheads to various department and
(ii) Distribution of expenses of service department to production department.
4 A product passes through three different process A, B 10
and C. The information is as under :
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Additional information : |
(i) Direct wages to be distributed as 125% of Factory overheads
(ii) The abnormal wastage ws 2/5th of the normal wastage in the process -A
From the above information prepare all process Accounts. SB-0434] 5 [Contd...
5 Following is the cost per unit of Vimal Limited 10
Material...........................................................Rs. 20
Wages...............................................................Rs. 12
Factory overheads ..........................................25% of prime cost
Office overheads..............................................Rs. 4
Selling and distribution overheads..............Rs. 6
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Profit and Loss A/c of the Company. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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In cost account stock of finished goods is valued at Rs.40 per unit. Closing stock of finished goods is a part of production of the year. |
Prepare : Statement of cost and Reconciliation statement.
6 Paresh Limited uses different type of material Viz. M,N,0,P 10 and Q. In respect of which the following information is available :
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Emergency time for purchase is one week for all types of materials. From the above information. Find out : | ||||||||||||||||||||||||||||||||||||||||||
(i) Ordering level of material M
(ii) Minimum level of material N
(iii) Maximum level of material O
(iv) Danger level of material P
(v) Safety stock of material Q.
7 Write short notes : (any two) 10
(i) Escalation caluse in contract costing
(ii) Economic lot size of Batch costing
(iii) Normal loss and abnormal loss in process costings.
SB-0434] 7 [ 100 ]
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Attachment: |
| Earning: Approval pending. |
