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Cost Accounting 21

The document contains questions related to cost accounting concepts and techniques. Some key points: 1) It asks students to define terms like cost, bin card, VED analysis, turnover, cost accounting, absorption of overheads, and work certified. 2) Questions relate to objectives of cost accounting, preparing a cost sheet, calculating earnings under a payment plan, distinguishing time and piece rate systems, and explaining concepts like FIFO. 3) Longer questions involve preparing a stores ledger card, apportioning expenses between departments using simultaneous equations, and explaining costing methods and techniques.

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33 views3 pages

Cost Accounting 21

The document contains questions related to cost accounting concepts and techniques. Some key points: 1) It asks students to define terms like cost, bin card, VED analysis, turnover, cost accounting, absorption of overheads, and work certified. 2) Questions relate to objectives of cost accounting, preparing a cost sheet, calculating earnings under a payment plan, distinguishing time and piece rate systems, and explaining concepts like FIFO. 3) Longer questions involve preparing a stores ledger card, apportioning expenses between departments using simultaneous equations, and explaining costing methods and techniques.

Uploaded by

aromalsoltero
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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-l

llllllll ll t t t K21 U 466s

-\ !: -'l:it
Feq. No. : ................................. j"

Name : ......................................r
J
{
v Semester B.co'm Dgqlgp"dess toeEt Begular
Examination, November 202'1
(201s Admns. only)
Core Course
sB09COM : COST ACCOUNTING
lvlax lvlarl,s : 4O

PAFT A

Afswer any six qu€slons lrom lhe following. Each question carries 1 maft.

1 Deline ih-" lerm Cost

2. Whal do you mean by Bin Card ?

3. What do you rnean by VED Analysis ?

4. What s abour lurnover ?

5. Del ne Cosl Accounting.

6. Whal is absorption of overheads ?

7. Whal is meanl by Work cerlled ?

8 Whai is process cosl ng ? (6/1=6)

. PABT- B

Answer any sir quesiions lrom lhe loLlowing. Each question caffes 3 marks.

9. Whal are the various obiectives ol Cosi Accounllng ?


K21u 4565 fll[ Ut ll tlt
10. The lollowina inrormalion relates to a manLrlacluring company lorthe 3 months
endino 31srMarch,2008.
consumed
Direcl maleria s 18,000
paid
Direcl labour 12,000
Direct expenses 4,ooo
Faclory overheads 6,000
overheads
Administrative 4,500
Selling and distribution overheads 2,500
1,000 unils ol loy gun arc produced durng ihe perod and a llhe units produced
are sold at Fs. 55 per !n I Prepare a Cost Sheei

11. Time taken by a worker lor cornpel ng a job is 40 hours. T me allowed lor
completion is 50 hours. Time rate s Bs. 1 o/hou r. Calculate ihe earnings ol the
worker under Halsey P an.

12. Disting'rish betlveen t me rale syslem and pece.ale system.


13. Explain the purchase prccedure.
14 Write a note on FOO

1s. Explain the treatmenr ol cosr ol planr in conrracr cosring.


16. D sungu sh between I me keeping and lime booking. {6x3=18)
PART,C
Answer anytwo quesuons lrcm lhe lollowing. Each question canies I ma*s.
17. X Lld., has p!rchased and issued maierials in the fo owlng order:'
Date Transactlon Ouanilty (ln kg.) Rare/Unlt (Rs.)
Jan. 1 Purchased 300 3
' 4 Plrchased 600 4
' 6 l>>ued 500
" 10 Plrchased 700 4
'' 15 l-sued 800
" 20 Plrchased 300 5
" 23 l,,ued 100
Prcpare lhe Slores Ledger Card under
a) S mpe Average lvlethod
b) Weghled Average [,4ethod.
ll lI ll l LtfifitItltull K21U 4665

18. Lld. is a manufacl! no company wilh lwo production departmenls A and B


lvl tra
a.dhvo servlce deparlmenls Y and Z. Ths deparlmental distribution sumrnary
shows lhe lo owing.
A - Fs 40.000
B Bs 30.000
Y Fs. 16.000
Z - Rs.20.500
The expenses ol the serulce depannr€nts are charged oll in a perceniage basis

ABYZ
Y 50% 40% -50'. 10%
z 10.. ao%
Prepare a stalernenl showlng lhe appodlonment of two service deparlmenl
expenses lo produclon departments by simullaneous equalion method.

19. Explain ihe various methods and iechniques of Costing. {2x8=16)

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