Calicut University 2008 B.Com Computer Science Cost and Management Accounting - Question Paper
c45908
{Pages: 3)
Name.... Reg. No.
FINAL YEAR B.Com. DEGREE EXAMINATION, MARCH/APRIL 2008
Commerce
Paper XII. - COST AND MANAGEMENT ACCOUNTING (2005 admissions)
Time : Three Hours Maximum : 80 Marks
Part A
Answer any ten questions Each question carries 1 mark.
|
> |
What is standard costing ? |
|
2. |
What is historical costing ? |
|
/' |
Explain a Cost Unit. |
|
4. |
What is imputed cost ? |
|
/5- |
What is FIFO method of valuing market ? |
|
/6. |
What is the object of premium and bonus plan ? |
|
State the meaning of absorption. | |
|
8. |
Define Marginal Cost. |
|
9. |
Define budgetary control. |
|
What is a sales budget ? | |
|
11. |
Write down the formula for volume variance. |
|
12. |
What is a financial statement ? |
(10 x 1 = 10 marks)
Part B
Answer any ten questions.
Each question carries 4 marks.
JZ. State the differences between Financial Accounting and Cost Accounting.
14. Explain the disadvantages of piece rate system.
15. What are the advantages of Halsey Premium Plan ? vt6. Explain the technique comparative statements.
Explain the need or significance of ratio analysis.
Jjfr. What are the uses of fund flow statement ?
>V
*
l&/ Explain the advantages of cash (low statement.
A factory roq uires 2000 units o(a certain material for a .year. Cost of carrying one unit at this material is calculated to be Be. 1 per annum and it is estimated that the expenses of placing an order and receiving would amount to Rs. H). Calculate EOQ.
2 \SUsing the following data calculate wage per hour as per Halsey and Rowan plan :
Time sdlowed 48 hours Time taken 40 hours Rate par hour He. 1.
22 Sale of a product amounts to 200 units per month at Rs. 10 per unit. Fixed overhead is Rs. 400 per month and variable cost Rs. 6 per unit. There is a proposal to reduce prices by 10 percent, Calculate present and future P/V ratio.
23. Gives that the cost standards for materials consumption are 40 kgs at Rs. 10 per kg. Compute the variances when actuals are :
(a' 48 kgs at Rs. 10 per kg.
<bi 40 kgs at Rs. 12 per kg.
(c) 48 kgs at Rs. 12 per kg.
(d.i 36 kgs for a total cost of Rs. 360.
24. Following are the ratios relating to the trading activities of an Enterprise
Debtors velocity 3 months.
- Stock Vttioetty-8 months.
Gross Profit Ratio 25'#
Gross profit for this year amounted to Rs. 2,00.000. Closing stock of the year was Rs. 5,000 above the opening stock. Find out (i) Sundry Debtors ; (ii) Closing stock.
Answer any two questions Each question carries 15 marks.
25. Explain the benefits and limitations of inter-firm comparison.
26. Write the objects of analysis and interpretation of financial statements.
27/The financial position of a firm as on 31st March 2003 and 2004 was as under:
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
During the year Rs. 26.000 were paid as dividends. Prepare Cash Flow statement as per revised A.S.-3 (indirect methods). |
3 C 45908-A
2/ The modem Co. is having four departments A, B and C are the production departments and D is a servicing department. The central costs for a person are as follows.
Rs.
JRent ' .... 2,000
Repair .... 1,200
Depreciation .... 900
Weight .... > 200
Supervision .... 3,000
Insurance .... 1,000 Employees Insurance
Employers liability .... 300
Power .... 1,850
The following data are also available is respect of four departments.
|
Dept. A |
Dept. B |
Dept. C |
Dept. D | |
|
Area sq.ft. |
150 |
110 |
90 |
50 |
|
Number of workers |
24 |
16 |
12 |
8 |
|
Total wages |
Rs. 8,000 |
6,000 |
4,000 |
2,000 |
|
Value of plant |
Rs. 24,000 |
18,000 |
12,000 |
6,000 |
|
Value of stock |
"Rs. 15,000 |
' 9,000 |
6,600 |
' |
Appropriate the costs to the various departments on the most equitable method.
(2 x 15 = 30 marks)
V
r
*
x
|
Attachment: |
| Earning: Approval pending. |
