Tamil Nadu Open University (TNOU) 2009 M.Com Commerce Advanced cost accounting - Question Paper
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PG-222 MCO-6M.Com. DEGREE EXAMINATION -JUNE 2009.
Second Year (AY 2003-04 and CY 2004 batches only) ADVANCED COST ACCOUNTING
Time : 3 hours Maximum marks : 75
SECTION A (3 x 5 = 15 marks)
Answer any THREE questions.
All questions carry equal marks.
1. Define opportunity cost and explain with an example.
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2. What is cost control? What are its essentials?
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PG-222 MCO-6AU<s ffimkuunk iun0ai?
3. Sales and Profits for 2 years are :
Year Sales Profit
2004 Rs. 1,50,000 20,000
2005 Rs. 1,70,000 25,000
Calculate P/V ratio, BEP, Fixed Cost and Margin of Safety for 2005.
Cs pua G
Bs@ pua u
2004 0. 1,50,000 20,000
2005 . 1,70,000 25,000
uipJuq u {LLpp |
0wnw pp 2005 uxuq
usV
4. Calculate Reorder level and Maximum level. Maximum consumption 420 units/day.
Minimum consumption 240 units/day.
Reorder period 10 to 15 days.
ROQ 3600 units.
p Bn pp ffijUQ0uuOTi|
A<fl AOT uwaunk 420 a@sot {nQOTnapU
SpU Aot uwaun- 240 a@sot {QOTapUs
p Bn <sm 10 - 15 p Bn aot = 3600 a@sot.
5. Prepare a cost sheet :
Purchase of
Rs.
1,20,000
1,00,000
Direct Material Direct Wages Works overhead Carriage in 1,440
48,000
Op. Stock :
Material
20,000
16,000
22,240
4,800
16,000
3,00,000
Finished goods (1000 units) Cl. Stock :
Material
Finished goods (2000 units) Work-in-progress :
Opening Closing Sale of finished goods
Re. 1 per unit production
Selling expenses 16000 units.
uQu0ot QsnwU1 1,20,000
G{iji<s 1,00,000
E0uzV GpQff|ffiOT 48,000
Qsnwu1 1,440
ffUQ0uq 20,000
Bu 0pu Qupp Qu0ot
(1000 a@) 16,000
CpV ffQ0uq 22,240
CpV 0pu Qupp Qu0ot
(2000 a@)
uipOTOT Gi (Bfu) 4,800
uipipOTOT G<ai (CpV) 16,000
ppuQupp Qun0OT pu 3,00,000
E0uzV 16000 a@sot. pu Q\ 1 a@U@
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SECTION B (4 x 15 = 60 marks)
Answer any FOUR questions.
All questions carry equal marks.
6. Explain with examples waste, scrap, spoilage and defectives. How would you treat them in cost accounts?
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OTffi0. A0P ALffiffi OTp
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7. Distinguish between Budgetary Control and Standard Costing.
aija| Q\a| VmiU ffimkuunk p<s0 <SF <sn<sQw p<s0 eotot Gapunk0OT aifl.
8. Calculate labour variances :
Job to be completed in 30 weeks.
Std. Actual
No. of Rate/ No. of Rate/ workers Week Workers Week
|
Skilled |
75 |
60 |
70 |
70 |
|
Semi-skilled |
45 |
40 |
30 |
50 |
|
Unskilled |
60 |
30 |
80 |
20 |
Work was actually completed in 32 weeks.
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|
30 aijzV0OT" i<s Ga. UiJ ES0 aijial uOlwOTiraij uOlwOTiraij | |||||||||||||||
|
uOI 32 anijiffil i<s<suuLx.
9. From a joint process two products were produced A 1 lakh kg having a selling price of Rs. 1/kg, and
2 lakh kg of B having a SP of Rs. 1.50/kg. Join cost was Rs. 2,00,000.
If A is converted into C it can be sold at Rs. 3/kg. The cost of conversion will be Rs. 1,75,000. Advice.
J0 TL@ E0uZV 9u0Lffim
EpuzVQOTp. A 1,00,000 QG 0u
0. 1/QGf B 2,00,000 QG pu 0. 1.50/
QG 9zU tL0 9\ 0. 2,00,000.
A 9u0ot C b p< 1 QGn- 0. 3 u p<s. Ai C b pp 9\<a| 0. 1,75,000.
10. Write notes on :
(a) Bincard.
(b) Stores ledger.
(c) ABC analysis.
(d) EOQ.
]p @ui_| iiotijp :
(a) 9<smOT<sOT all
(b) GuGij
(C) ABC usuufu
(d) 9ffiOTU AOT.
11. Calculate fixed (off) variances :
Budgeted F (off) Rs. 6,000.
Budgeted output 10000 units.
Budgeted hours 5000.
Actual F (off) Rs. 5,000.
Actual output 8000 units.
Actual hours 5000.
GpQ\ mpu<sOT snUQ. VmL GpQ\ 0. 6,000 <fimL E0uzV 10000
Vmm oi G{iOT 5000
ES0wnw |wnw GpQff<a| 0. 5,000 ES0wnw E0uzV 8000
ES0wnw Ol G{iOT 5000.
|
12. Find profitable product mix : | ||||||||||||||||||||||||||||||||||||||||||||
|
ABC
Rs. 5
Rs. 5
Rs. 5
F (off)
Material available 12000 kg. D. Labour Hr. 10000. Both mat. and Labour being the key factor.
Cu E0uzV <snUQ@<s.
ABC
A<fl um\ E0uzV 0p 0ua
1500 2000 1000 0. 60 0. 55 0. 50 5 QG 3 QG 4 QGn-0. 4 0. 4 0. 4 4 O 3 O 2 O 0. 2 0. 2 0. 2
1 AQa pua G{i uQu0ot
1 QG uQu0ot G{i Epu_|
1 Ol
p Qff(|<SOT 1 A@ffiOT
0. 9 0. 14 0. 6
n-pn-a
0. 5 0. 5 0. 5
1 A@ffiOT
G{iji uQu0ot eototx 12000. QGn-
G{i Epuq OlffiOT 10000. Epui_|, uQu0OT CSotl UQw sn'ijOlffiOTn'ffi QffinOTw.
8 PG-222
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Attachment: |
| Earning: Approval pending. |
