DU Cost Accounting Question Paper 2015 [Dibrugarh University BCom 4th Sem]

 Dibrugarh University BCom 4th Sem Cost Accounting Question Paper


Dibrugarh University B.Com 4th Semester 

Cost Accounting Question Paper’ 2015

COMMERCE (Honours Core / Regular)

Paper: COM – HC – 4016 / COM – RC – 4026

(Cost Accounting)

Full Marks: 80

Time: Three hours

The figures in the margin indicate full marks for the questions.


Cost Accounting Question Paper 2015 (May)
Dibrugarh University B.Com 4th Sem CBCS Pattern
Commerce (General/Speciality)
Course: 401
Full Marks: 80
Time: 3 Hours

The figures in the margin indicate full marks for the questions

1.      (a) Fill in the blanks :          1x5=5

(i)     Fixed cost per unit _____ when volume of production increases.

(ii)   _____ is the combination of direct materials, direct labour and direct expenses.

(iii)  Cost of abnormal idle time and overtime is transferred to _____.

(iv) Depreciation on showroom building is to be treated as _____ overheads.

(v)   In contract costing _____ clause allows adjustment of the prices of materials or rate of labour, etc., when these rises beyond a specified limit.

(b) Choose the correct answer:   1x3=3

(i)     Rent of a factory building is a variable cost / fixed cost / semi-variable cost.

(ii)   A high labour turnover increase / decreases the cost of production.

(iii)  The basis of apportionment for canteen and staff welfare expenses is floor area occupied / number of workers / wages.

 

 

2.       Write short notes on (any four) :         4x4=16

(a)   Economic Order Quantity (EOQ)

(d)  Objectives of material control

3.      (a) The Assam Company Ltd. Furnishes the summary of Trading and Profit & Loss Account for the year ended 31st December, 2014

Selling and Distribution Overheads

Preliminary Expenses Written off

Finished Goods (200 units)

The company manufactures standard unit. Information from last year’s records shows that –

(i)     Factory overheads have been allocated to the production at 20% on prime cost;

(ii)   Administrative overheads have been charges at Rs. 3 per unit on the units produced;

(iii)  Selling and distribution overheads have been charged at Rs. 4 per unit of units sold.

Your are required to prepare a Cost Sheet showing profit or loss as per Cost Accounts.      14

(b) Discuss the nature of Cost Accounting and explain different cost concepts.                   7+7=14

4. 

(a) The following data is available in respect of a worker for the year, 2014 in the ABC Manufacturing Company:

(i)           Wages per month Rs. 600

(ii)         Dearness Allowance 20 paise per month per cost of living index point over 400 points; present index is 1,400 points.

(iii)        House Rent Allowance 25% of (i) and (ii).

(iv)       Annual Bonus for the year Rs. 3,000

(v)         Cost of labour welfare amenities for the year Rs. 3,20,400

(vi)       Employer’s contribution to –

(1)         Contributory Provident Fund, 10% of basic wages.

(2)         Employees State Insurance 2% of basic wages.

(vii)      

  Annual working days, 310 days of 8 hours

(viii)    Total leave with pay permitted in a year – 30 days.

(ix)       Normal ideal time – 240 hours

(x)         Abnormal idle time – 100 hours

(xi)       No. of workers in the factory – 150

Compute labour cost for the year per head and per hour. Also state how the cost of idle time can be treated.    10+4=14

Or

(b) Distinguish between:         7+7=14

(i)     Idle time and overtime.

(ii)   Remuneration and incentives.

5.      (a) A machine was purchases on January, 2014 for Rs. 5 lakhs. The total cost of all machinery inclusive of the new machine was Rs. 75 lakhs. The following further particulars are available :

Expected life of the machine 10 years

Scrap value at the end of 10 years – Rs. 5,000

Repairs and maintenance for the machine during the year – Rs. 2,000

Expected number of working hours of the machine per year 4000 hours.

Insurance Premium Annually for all machines – Rs. 4,500

Electricity consumption for the machine per hour @ 75 paise per unit for 25 units.

Area occupied by the machine 100 sq. ft.

Area occupied by other machines 1500 sq. ft.

Rent per month of the department – Rs. 800

Lighting charges – Rs. 120 per months for 20 points for the whole department out of which 3 points are for the machine.

Compute the machine hour rate for the machine on the basis of the data given above.        14

Or

(b) Define overhead. What do you mean by under and over-absorption of over-heads? State the causes of over and under-absorption of the factory overheads.         4+4+6=14

 (a) A product is produced through two distinct processes – Process I and Process II. On completion it is transferred to finished stock. From the following particulars during the month of December, 2014, prepare Process Accounts :       14

Transfer to next process / finished goods

Realisable value of normal loss (per unit) (in Rs.)

Production overheads (100% of direct labour)

Assume that there was no opening or closing stock of Raw Materials and Work-in-Progress.

Or

(b) Explain the following:                                                      7+7=14

(i)     Reconciliation of Cost and Financial Accounts.

 

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