Tamil Nadu Open University (TNOU) 2009-3rd Year B.Com .>>COST ACCOUNTING>>E, .>> - Question Paper
B.Com. DEGREE exam —
JUNE, 2009.
(AY 2003-04 & CY 2004 batches only)
Third Year
COST ACCOUNTING
Time : three hours Maximum marks : 75
PART A — (3 ´ five = 15 marks)
ans any 3 ques..
1. What is cost Accounting? provide its meaning.
2. elaborate the elements of Cost?
3. Write the importance of Break-Even analysis.
4. From the subsequent prepare a cost sheet :
Rs.
Direct materials 50,000
Direct wages 15,000
Factory expenses 5,000
Office expenses 1,000
Selling expenses 500
5. compute Break-even sales and profit quantity ratio
from the subsequent :
Rs.
Sales 10,00,000
Variable 4,00,000
Fixed cost 4,00,000
PART B — (4 ´ 15 = 60 marks)
ans any 4 ques..
6. State the objectives of cost accounting.
7. Write short notes on :
(a) Contribution
(b) Process costing.
8. From the subsequent information, prepare stores
ledger account under FIFO and LIFO method :
Purchase
2006 Jan one 300 Units at Rs. three per unit
Jan 15 500 Units at Rs. five per unit
Jan 24 300 Units at Rs. three per unit
Issues
Jan four 150 units
Jan 16 300 units
Jan 26 300 units
9. compute the earnings of a worker under
(a) Halsey Plan and
(b) Rowan Plan
Time Allowed : 48 hours
Time taken : 40 hours
Rate per hour : Rs. 1.
10. From the subsequent particulars calculate the machine
hour rate :
Rs.
Cost of the machine 11,000
Scrap value 680
Repairs for the effective working
life
1500
Standing charges for four weekly period Rs. 40.
Effective working life 10,000 hours
Power used : six units per hour at five paise per unit
Hours worked in four weekly period : 120 hours.
11. Sami construction company undertook a contract for
building from first Jan. 2006. The contract price was
Rs. 1,00,000. He incurred the subsequent expenses.
Rs.
Materials Issued 6,000
Materials in hand at end 1,000
Wages 5,000
Direct expenses 20,000
Plant purchased 10,000
The contract was completed on 30th June, 2006 and the
contract price was duly received. give depreciation at
20% p.a. on plant and charge indirect expenses at 20%
on wages. Prepare contract account in the books of
company.
12. The sales turnover and profit during 2 years were
as follows :
Year Sales Profit
Rs. Rs.
2005 1,40,000 15,000
2006 1,60,000 20,000
compute :
(a) P/V ratio
(b) Break even point
(c) Sales needed to earn a profit of Rs. 40,000
(d) Fixed expenses and
(e) Profit when sales are Rs. 1,20,000.
————
wk 9
UG-709 BCO-7B.Com. DEGREE EXAMINATION JUNE, 2009. (AY 2003-04 & CY 2004 batches only)
COST ACCOUNTING Time : 3 hours Maximum marks : 75
PART A (3 x 5 = 15 marks)
Answer any THREE questions.
1. What is cost Accounting? Give its meaning.
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2. What are the elements of Cost?
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3. Write the importance of Break-Even analysis.
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4. From the following prepare a cost sheet :
|
Rs. | |
|
Direct materials |
50,000 |
|
Direct wages |
15,000 |
|
Factory expenses |
5,000 |
|
Office expenses |
1,000 |
|
Selling expenses |
500 |
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5. Calculate Break-even sales and profit volume ratio from the following :
Rs.
Sales 10,00,000 Variable 4,00,000 Fixed cost 4,00,000
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PART B (4 x 15 = 60 marks)
Answer any FOUR questions.
6. State the objectives of cost accounting. pan' upp-0 Potuqw -lgpPpr
7. Write short notes on :
(a) Contribution
(b) Process costing.
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8. From the following information, prepare stores ledger account under FIFO and LIFO method :
Purchase
2006 Jan 1 300 Units at Rs. 3 per unit Jan 15 500 Units at Rs. 5 per unit Jan 24 300 Units at Rs. 3 per unit
Issues Jan 4 150 units Jan 16 300 units Jan 26 300 units
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9. Calculate the earnings of a worker under
(a) Halsey Plan and
(b) Rowan Plan
Time Allowed : 48 hours Time taken : 40 hours Rate per hour : Rs. 1.
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10. From the following particulars compute the machine hour rate :
Rs.
Cost of the machine 11,000
Scrap value 680
Repairs for the effective working 1500 life
Standing charges for 4 weekly period Rs. 40.
Effective working life 10,000 hours
Power used : 6 units per hour at 5 paise per unit
Hours worked in 4 weekly period : 120 hours.
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11. Sami construction company undertook a contract for building from 1st Jan. 2006. The contract price was Rs. 1,00,000. He incurred the following expenses.
Rs.
Materials Issued 6,000
Materials in hand at end 1,000 Wages 5,000
Direct expenses 20,000
Plant purchased 10,000
The contract was completed on 30th June, 2006 and the contract price was duly received. Provide depreciation at 20% p.a. on plant and charge indirect expenses at 20% on wages. Prepare contract account in the books of company.
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12. The sales turnover and profit during two years were as follows :
Year Sales Profit Rs. Rs.
2005 1,40,000 15,000
2006 1,60,000 20,000
Calculate :
(a) P/V ratio
(b) Break even point
(c) Sales required to earn a profit of Rs. 40,000
(d) Fixed expenses and
(e) Profit when sales are Rs. 1,20,000.
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Attachment: |
| Earning: Approval pending. |
