DU Cost Accounting Question Paper' 2022 [Dibrugarh University B.Com 4th Sem Non-Hons. ]

 

DU Cost Accounting Question Paper' 2022 [Dibrugarh University B.Com 4th Sem Non-Hons. ]


Cost Accounting Question Paper 2022 (Non-Hons), Dibrugarh University B.Com 4th Sem CBCS Pattern

Cost Accounting Question Paper (Hons) 2022 (June/July)
Dibrugarh University B.Com 4th Sem CBCS Pattern
COMMERCE (Non-Honours)
Paper: CC – 403 (Cost Accounting)
Full Marks: 80
Pass Marks: 32
Time: 3 hours
The figures in the margin indicate full marks for the questions

 

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

(i) Cost Accounting is useful for

(1) ascertaining the financial position of a firm.

(2) ascertaining the profit or loss of a firm.

(3) controlling cost.

(ii) What level is fixed in order to avoid overstocking?

(1) Average level.

(2) Maximum level.

(3) Reorder level.

(iii) Process costing is not used in

(1) central industry.

(2) chemical industry.

(3) oil refinery.

(iv) Which of the following items is not a pure financial item?

(1) Dividend received.

(2) Fines and penalties.

(3) Interest on own capital invested in business.

(b) Write True or False:              1x4=4

(1) Abnormal cost is controllable.

(2) High labour turnover rate denotes good human relations.

(3) Depreciation is a semi-variable expenses.

(4) Process costing is applied in garment industry.

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

(a) Characteristics of an ideal costing system.

(b) Minimum stock level.

(c) Allocation of overhead.

(d) Batch costing.

(e) Memorandum Reconciliation A/c.

3. (a) Discuss in detail the advantages and limitations of Cost Accounting.               6+6=12

Or

(b) Prepare a Cost Sheet from the following:             12

Rs.

Stock of raw materials on 1-4-2021

Stock of raw materials on 31-3-2022

Work-in-progress on 1-4-2021

Work-in-progress on 31-3-2022

Finished goods on 1-4-2021

Finished goods on 31-3-2022

Materials purchased

Direct labour

Manufacturing overheads

Selling expenses

General and office expenses

Sales

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

8,00,000

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

Reorder period

Rs. 90

Rs. 5.20

50 units per week.

25 units per week.

75 units per week.

4 to 6 weeks.

Compute the following from the above data:                 2+2+2+2+3=11

(1) Reorder quantity.

(2) Reorder level.

(3) Minimum level.

(4) Maximum level.

(5) Average stock level.

Or

(b) A worker takes 80 hours to do a job for which the time allowed is 100 hours. His daily rate is Rs. 2.50 per hour. Calculate the works cost of the job under the following methods of payment of wages and statement of works cost: 3+4+4=11

(1) Time rate.

(2) Halsey plan.

(3) Rowan plan.

Additional information:

(a) Material cost Rs. 120.

(b) Factory overheads 125% of wages.

5. (a) What do you mean by overhead cost? Explain the various classifications of overhead cost and its bases of apportionment.                4+7=11

Or

(b) Compute the Machine Hour Rate from the following data:                11

Rs.

Cost of machine

Installation charges

Scrap value after 10 years

Rent of the shop per month

General lighting for the shop per month

Insurance for the machine per annum

Repairs per annum

Power consumption 10 units per hour and cost of power per unit

Shop supervisor’s salary per month

Estimated working hours per annum

10,00,000

1,00,000

50,000

10,000

2,000

9,000

10,000

4

15,000

2,500 hours

The machine occupies 1/4th of total area of the shop. Supervisor devotes 1/3rd of his time for the machine.

6. (a) Explain the special features of Job Costing and Contract Costing.                   6+5=11

Or

(b) A product of XYZ Ltd. passes 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

Rs. 2,000

Rs. 4,500

Rs. 1,500

9,000 units

Rs. 2,000

Rs. 8,000

Rs. 1,500

9,120 units

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

7. (a) What is Reconciliation Statement? How is it prepared? Give its specimen.                 3+4+4=11

Or

(b) During the year ended 31st March, 2022, a company’s profit as per financial accounts was Rs. 16,624. Prepare a Reconciliation Statement and arrive at the profit as per Cost Accounts using the additional information given below:    11

Profit & Loss A/c for the

Year ended 31st March, 2022

Rs.

Rs.

Opening Stock

Purchases

Direct Wages

Factory Overheads

Administrative Overhead

Selling Expenses

Net Profit

2,47,179

82,154

23,133

20,826

9,845

22,176

16,624

Sales

Closing Stock

Sundry Income

3,46,500

75,121

316

4,21,937

4,21,937

The closing records show –

(1) Closing Stock Rs. 78,197.

(2) Direct Wages Rs. 24,867.

(3) Factory Overheads absorbed Rs. 19,714.

(4) Administrative Expenses calculated at 3% of Sales.

(5) Selling Expenses absorbed @ 5% of Sales.

-000-



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