DU Cost Accounting Question Paper 2019 [Dibrugarh University BCom 4th Sem]

 Dibrugarh University BCom 4th Sem Cost Accounting Question Paper


Dibrugarh University B.Com 4th Semester 

Cost Accounting Question Paper’ 2019

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 2019 (May)
Dibrugarh University B.Com 4th Sem CBCS Pattern
Commerce (General/Speciality)
Course: 401
Full Marks: 80
Time: 3 Hours

1. (a) Choose the correct answer:      1x4=4

a)     Direct material + Direct labour + Works expenses.

b)     Direct material + Direct labour + Chargeable expenses.

c)      Direct material + Direct labour + Office expenses.

2)     Purchase budget should be prepared by the

c)      Semi-variable expenses.

4)     In process costing, the abnormal loss is treated as

(b) Fill in the blanks:              1x4=4

1)     Fixed cost per unit _______ with rise in output.

2)     Re-order quantity may be measured in _______.

3)     Fixed overhead cost is a _______ cost.

4)     The need of reconciliation arises in _______ accounting system.

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

a)     Techniques of costing.

c)      Rowan premium bonus plan.

d)     Manufacturing overheads.

e)     Abnormal process loss.

3. (a) Discuss in detail the advantages and limitations of Cost Accounting.                      8+6=14

Or

(b) Following data are taken from the Cost Accounts of a manufacturer in respect of the month of March 2019:

Particulars

Rs.

Stock in hand on 1st March 2019:

Raw materials

Work-in-progress

Finished goods

Purchase of raw materials

Sale of finished goods

Direct wages

Stock in hand on 31st March, 2019:

Raw materials

Work-in-progress

Finished goods

Non-productive wages

Works expenses

Office and administrative expenses

Selling and distribution expenses

25,000

8,220

17,360

21,900

72,310

17,150

26,250

9,100

15,750

830

8,430

3,160

4,210

Prepare a Statement of Cost and Profit showing the following:                            2x7=14

1)     Cost of materials consumed.

4. (a) A statement of materials received and issued in March 2019 is given below:

March 1

March 5

March 8

March 10

March 16

March 20

March 23

March 27

March 31

Opening stock of materials 4,400 units @ Rs. 8 per unit

Purchased 550 units @ 10 per unit.

Issued 2,200 units.

Purchased 6,600 units @ 12 per unit.

Issued 4,400 units.

Issued 1,100 units.

Issued 2,200 units.

Purchased 4,950 units @ 11 per unit

Issued 3,300 units.

From the above statement, prepare Stores Ledger by applying –

1)     First-in-first-out method;

2)     Last-in-first-out method;                                      7+7=14

Or

(b) (1) What is idle time? What are its causes?                                                    6

(2) A worker takes 12 hours to complete a work on daily wages and 8 hours on a scheme of payment by results. Worker’s daily rate is Rs. 6 per hour. The cost of material of the product is Rs. 20 and the overheads are recovered at 200% of the total wages. Calculate the Factory Works Cost of the product under:

5. (a) Define overhead. How are overheads classified? Explain four reasons of over-absorption and under-absorption of overheads.         4+5+5=14

Or

(b) From the following information, work out the production hour rate of recovery of overhead in department P1, P2 and P3:       14

Particulars

Total

Production Departments

Service Departments

Rs.

P1

P2

P3

S1

S2

Rent (Rs.)

Electricity (Rs.)

Fire insurance (Rs.)

Plant depreciation (Rs.)

Transport (Rs.)

Estimated working hours

1,000

200

400

4,000

400

-

200

50

80

1,000

50

1,000

400

80

160

1,500

50

2,500

150

30

60

1,000

50

1,800

150

20

60

300

100

-

100

20

40

200

150

-

Expenses of service departments S1 and S2 are apportioned as under:

P1

P2

P3

S1

S2

S1

30%

40%

20%

-

10%

S2

10%

20%

50%

20%

-

6. (a) (1) What is process costing? What are its features? Name any three industries in which process costing is used. 2+5+3=10

(2) Distinguish between normal process loss and abnormal process loss.   4

Or

(b) A company’s Trading and Profit & Loss Account was as follows:

Rs.

Rs.

Purchases

Direct wages

Works expenses

Selling expenses

Administration expenses

Depreciation

Net profit

25,210

10,500

12,130

7,100

5,340

1,100

20,300

Sales (50,000 units at Rs. 1.50 each)

Discount received

Profit on sale of land

Closing stock

75,000

260

2,340

4,080

81,680

81,680

The profit as per Cost Accounts was only Rs. 19,770. Reconcile the financial and cost profits using the following information:                                                 14

1)     Cost accounts value of closing stock Rs. 4,280.

2)     The works expenses in the Cost Accounts were taken as 100% of direct wages.

3)     Selling and administration expenses were charged in the Cost Accounts at 10% of sales and Rs. 0.10 per unit respectively.

4)     Depreciation in the Cost Accounts was Rs. 800.

(OLD COURSE)

Full Marks: 80

Pass Marks: 32

1. (a) Fill in the blanks:                                                                            1x4=4

1)        _______ is defined as ‘the technique and process of ascertaining costs’.

2)        A _______ provides a complete record of all materials received and the quantity thereof.

3)        The rate of change in the composition of labour force in an organization is termed as _______.

4)        _______ is the aggregate of indirect material, indirect labour and indirect expenses.

(b) Choose and write the correct answer:                                                1x4=4

1)        Unit costing / Job costing is employed in paper mill industries.

2)        In case of rising prices, LIFO / FIFO method of pricing material issues reports higher income.

3)        Cost of normal idle time is always controllable / uncontrollable.

4)        Fixed overheads per unit is reduced / increased when volume of output is increased.

2. Write on the following (any four):    4x4=16

b)     Scope of Cost Accounting.

d)     Apportionment of overheads.

3. (a) Prepare a Cost Sheet from the following:    11

Particulars

Rs.

Sales

Materials 1.1.2018

Materials 31.12.2018

Work-in-progress 1.1.2018

Work-in-progress 31.12.2018

Finished goods 1.1.2018

Finished goods 31.12.2018

Materials purchased

Direct labour

Manufacturing overheads

Selling expenses

General office expenses

8,00,000

40,000

32,000

55,000

72,000

64,000

1,51,000

1,52,000

1,45,000

1,08,000

50,000

40,000

Or

(b) Distinguish between the following:      6+5=11

1)     Direct cost and Indirect cost.

2)     Fixed cost and Variable cost.

4. (a) XYZ Ltd. manufactures a product A and provides you the following particulars:

Cost of placing an order

Annual carrying cost per unit

Normal usage

Minimum usage

Maximum usage

Re-order period

Rs. 90

Rs. 5.20

50 units per week

25 units per week

75 units per week

4 to 6 weeks

Compute from the above:                                           11

Or

(b) Explain the meaning and purpose of the following documents:     4+3+4=11

5. (a) From the following particulars, you are required to work out the earning of worker for a week under –

2)        Halsey premium scheme (50% sharing);

3)        Rowan premium scheme.    3+4+4=11

Weekly working hours

Hourly wage rate

Piece rate per unit

Normal time taken per unit

Normal output per week

Actual output per week

48

Rs. 7.50

Rs. 3.00

24 minutes

120 units

150 units

Or

(b) What is idle time? Explain its causes. How is idle time treated in Cost Accounts?       3+4+4=11

6. (a) Compute the machine hour rate from the following data:       12

Particulars

Rs.

Cost of machine

Installation charges

Scrap value after 10 years

Rent of the ship per month

General lighting for the ship per month

Insurance for the machine p.a.

Repairs p.a.

Power consumption 10 units per hour and average rate of power per unit

Shop supervisor’s salary p.m.

Estimated working hours p.a.

10,00,000

1,00,000

50,000

10,000

2,000

9,000

10,000

4

15,000

2,500

The machine occupies one-fourth of total area of the shop. Supervisor denotes one-third of his time for the machine.

Or

(b) What are the causes of under-absorption and over-absorption of overheads? How will you deal with them in Cost Accounts?           7+5=12

7. (a) A product of XYZ Ltd. Co. possesses through two processes A and B. 10,000 units at a cost of Rs. 1.10 were issued to process A. Other direct expenses were as follows:

Particulars

Process – A

Process – B

Sundry materials

Direct labour

Direct expenses

Output (units)

Rs. 2,000

Rs. 4,500

Rs. 1,500

9,000

Rs. 2,000

Rs. 8,000

Rs. 1,500

9,120

Wastage of process A was 5% and in process B 4%.Wastage of process A was sold at 0.25 per unit and that of process B at 0.50 per unit. Overhead charges were 160% of direct labour. Prepare Process – A A/c and Process – B A/c.           11

Or

(b) (1) Explain the special features of contract costing.                    5

(2) How does cost audit differ from financial audit?                          6

***

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