Total marks 30

Overall attempt is not good and needs to improve. You need to work on
basic concepts of process, joint costing. You do more practice and avoid
the mistakes and read the question carefully. Always set the time for doing
a particular question. This will help in improving your speed. Focus on your
problem areas. Your main focus should be the concepts which you find
difficult and the questions with different points but don't forget to revise
the basic concepts.
no marks
Operators' wages (7,380/8 x200) 1,84,500
Production bonus (10% on wages) 18,450

Repair and maintenance {(5% × ` 64,00,000)/2} 1,60,000

required points are not considered

basic approach is wrong

Depreciation {(` 64,00,000 × 10%)/2} 3,20,000

Total Overheads for 6 months 17,18,450

Comprehensive Machine Hour Rate = ` 17,18,450/7,200
hours ` 238.67

You are failed to solve the required parts

of the question

this is important Q from exam point of

view
 Page No.
Date

Sduhon S ( marks 3
System
Statement or cost per ynt uscaq lcadtkton.a Costing
A
Parkiclars
150
Drec Makecial pecune
J20
Dicect Loabourper hour
x (3rto
Ovecheads
3x240 12*2%oL4x240 I5x240
930 360
Total cost perunt

Stabemtat oh cost_per ynct ustng

Ackiudy Based (osing
A C
Parhles
ISo0 2500 10,000 6000
n s Producd
Carefully read and understand the
question
Cre hatrrtalbefore attempting
2,10,000o 225,000 s0006 1,00,000
isooxo 2Soox 19.006xsLLo0o 1Sso
,50.00012,00.000 5,40,000
Ocec Labour 0000
s0orbo 2 s0orlyoO0uwi20 6900x 90
Oue cheeds ,00,11 19,234264 1222
Sctup Cost 3,29571
3205-11x 10 L300s-1x125 |3205-xGoo 32o5-7Ixkoo
due to one wrong element, entire calculation
17,4715o goes
12,76,225
Lnspechi Cos 3,92700 ,90475
wrong
963-50x2o 163 Sox2s01435xGo0 19035x65ol
Mochaoy lost 16,47203 6,94135 20,144o 13.14270
1246-07xo 12447x56o0467x Us) |1ht7xun9
these are scoring topics
hateaal Hanlny 12S00 90000 5159000 Soszsoo
Cost 59s00x is (51sox 20)Ls9s00xioo) (s9s0x 15
Total Cost 2952914 34,$4129 ,3),14942 L4,52329
1312 131) 1742
(ost per unt 969
 Page No.
steps are accurate but setup costDatewrongly
considered

Cldaion of Total Produeho Oechead

isoox -o) +(2s00x S66)}(10o0orl64eH(Lo00 xI120
:26160000

Wv-(llakin dt Cost Orivtr question

Rakes is not clear
Vo- of

Parklars Overhrad Cost Orivcr Cos Criver Rah

91,63,000 1225 3205-11
Se ups 15% 3127000 Vool Sehupe
91,63,000
nspechons IS 3127,000
No.ol Lnsptekins 2000 963.50
52,36,000
fomachiney OlE_ 20 536.000 Melhíne Hlours yroo 1246.67
26,18,000
SO 13690,000 Vo.ofMaterid 20 51S00-60
|Material Hcndlny
Cost ovcments
2,615000o
condition on cost drivers is ignored
 (Page No.
Date

marks 2
Sou-ton 6co).
answer completely
especially
Hospctal- in patient
short
Voot dloys prr ed
questions

Ecceiy-Horse power
Kilowatt- hour (kWh)

Cnema: Vo-g person_ Per ticket

Caneen . jVumber ocustom(rs pcr ScetE

Per item, per meal etc.
Hotels- Vo.of custonatrsPe coom.

marks 3
SduconGC)
EpenseS whh ace (nelvded onh Co FnancialAccounts
Interes on Logn Debentures
13orntinq,et
Other capital losses i.e., loss by fire not covered by insurance etc.
emu Poyclle n redempton
Losses on the sales of fixed assets and investments
pcurerenco Sharés
Lvestmtat
here n you miss the catch
shoares lektures
point
6onds
Oonghtons Fo chard-alle
Trust
rasT pacd Civot
eléqlle fu cle(nny
vi) Expenses of the company’s share transfer office, if any.
-
 Page No.
Date

marks 4
Soluton GC)
Tnsptrhio1 and Tesy_(ost - Vumlr o
Number of tests
Inspeekiuns

D up mahints costVmlerof Setups

include accurate keywords

Mahiat gost-Procuclion Oveehcak pt unl Machine hours

Suptrvis4_ cost -Hours dedieaed Fo s-pérvesCon

odeeiay er Rraitdnq Maberiel (us-Vumle ot orders/

maerials reccevcd

Sduton GCe) marks 4

Tad Oiscan
Trade Qcscqunt ds Hhe reduekion q ncost_price of motrri
tOpurchesery s-pplier o (ncovragemcnt of_Falkns (gull_
Ordess whih i nofme (n nghrt.

Trode Ocscount ('s ockually ddukéd From cost of motetial

Cosh OcscQuat
Cashconceptually
Ocscount c's theincorrect
Goditioo sedvtton Cost_price o
mrea arte trede disQnt whtth (ispecckii (o nature.

Cah nis(owt isalso deduttd from cust of metecda ut

a Trod Oscom
Cash Discount Cash discount is not deducted from the purchase price. It is
treated as interest and finance charges. It is ignored.
 (Paga No.
Date

Penaly
Penally is amo puid o nahe punr'shmto fr
urahey
uny rulg er or law.

Penolby s not éluded_in Cost of metrta

Lnsuccante Chorqes highlight keywords

nsurane charyts i gmovut pard fson in order Fo
proteiag Fom oss y fre, heet,ete:

Insw rance Charyts ar (ncluded (a cost_or matercal.nee

(Ommisstan paid
oder ko loest
o mmssion (s fhe amom_patd Fo Sadosmge n
h Seles ot produt._

(ngludes ci (Ost _ok Prodvst undec

(oma'ssia patd t's
ovechrads.
llaq and Orstrcbubon
 Page No.

Date
no marks
accurate format
Soduto G()is missing
Shate mn ok net woyts rerievablot Cah cmployt Fr Ockole 2022
Stamrt
Part'cAors Ram Syam Monan undoan
Wages for October 2022 Less: Employee Contribution 2Soo
3,000 hasi wagts to PF @ 8% 3120
G
(` 100 x Less: Employee Contribution
30 days) to ESI @ 4%
3,600 240 Lo)
(` 120 x sS- Provide und 120 92) (230) 1so) S660)
30 days) 288
3,900 144
Coinkribube 312
(` 130 x (boo)
156
30 days)
2,500 Less EsI (ontrébvHou ( 200
C i15)
100 211S
Vwagts Recitvoll 1535 1200

Net Wages Receivable 2,640 3,168 3,432 2,200

Sake
ment ok Total Amout or Pcovideat Fund to be oleposcbed
fo Ocrober 2 0 m
y tmeloyer starting approach is wrong
Packars Amo-C

frovdnt Fund s Ram Cs7 92

Total Wages for the month 13,000
Proo Cdnt Fvnd of Shyam 6
Employer’s Contribution to Provident Fund @8% of ` 13,000 230
Add: Employee’s Contribution to Provident Fund @8% of ` 13,000
1,040Provrdest Furd Moha $2
1,040
Provident Fd of IKondan
Total amount of Provident Fund required to be deposited by employer 2,080 100
Total

Statemcat totel amouwt of ESI to ke deeoscted y

mployerro %ages
October are wrongly considered in total part,
2022
read point 4 of the question carefullyAmn3
Porkuar s
ESI Ro Ls 20
ES1 Shyam[S
-61 ohan5 iS6
Total Wages for the month 13,000
ESI kundan [5
Employer’s Contribution to ESI @5% of ` 13,000
Add: Employee’s Contribution to ESI @4% of ` 13,000
125
650 Tota) $45
520
Total amount of ESI required to be deposited by employer 1,170
 Total Material Cost
Total Labour Cost
Total Overheads (Equal to Labour Cost)
20,000
14,690
14,690
Total Cost 49,380

E3
Before answering any question you need to make
a rough solution in your mind and then go
accordingly. No need to make hurry in practical
papers as one mistake may spoil your entire
efforts.
FEEF
 Soluhicn O marks 2
Shhe atnt o flextlle Budgek
Partilars A Loco0 A150o
Un's n-s
p
1OSo00c00 131,500
R4$0
Sales n 2s0Usun
LessNorialie Cost
7.59 o00
Oisrt Matrials |? (So perun 31,60000
Oiret w cqts L232S pe vnt 19S,og0o0 24371Scoo
consider each point in these type of questions
Oiceeh xptnse L/2s pcr vnch 15,0g00 93,15.o00
Varitle Oucheods (1sopr m
Total Variable cost 30.00.c00
7,02,00,000 3750co0
8,77,50,000
Vaciatle Sellny ond DstrlHn Ovesheads 2Sxs07 12,60.000 500000
Conbeokfon 6,9,00.0oo 350oo
essContribution
eo Cogt_ 3,48,00,000 4,35,00,000

Fixed costs: 15,00000 ,100

F d Produchf Overheads [zns
Production overheads 25,00,000 25,00,000
Administrative overheads 60,00,000 60,00,000 3,15o00
Fixco Selliag ond Qitriluhéon Ovgehceds 725x16
Selling and distribution overheads 5,00,000 5,00,000 3.o0000
Total Fixed cost 90,00,000 90,00,000
Profit Aministrattve Expense 6o
2,58,00,000 3,45,00,000
3G00.000 5.00.c00
Profct G45,00,0o0 3,67,56o00

Clvlain Proft Volunt Rekco

Carefully
p/Uread
Rato and understand
Contreluke n al06 the question before
attempting Scoles
sales wrongly
A G0.000 ncs
taken
P/vRatlo ,99,0.000 xIOO: 66:57,
OSQ60000
P/V Ratio = (` 3,48,00,000/` 10,50,00,000) x 100 = 33.143%

A 1,o00 n t
P/V Ratco: 35.o0.000 x00: 1 1
13,12,s0, o00
P/V Ratio = (` 4,35,00,000/` 13,12,50,000) x 100 = 33.143%
 (Page No.
Date

marks 5
Soutcon Ca)
Stot ement o Toto) (ost hree pcoposelsand thei Rankiny
Parktars Plom A Plcan 3 Plan C

Pebrol 21-20 perkm ,ht000

Tyre Lo4pe ka
Taxes L9L6 peec perGunum 966
Repaies cnd Maiskainénce To-24 pe kn
Lnsvrance 0_pe cor_Perannu short conclusion is16
missing
Oepriecation 29,500

scallcn Us FxpensesL2pE: m_ Lhoo00

Hire Chorges 2,1600O
analysis is important
15660o
3.6350
Toll Cosl i2.072 92
Cost Per Km20ooow 3.99
D
Renlccng9-J

Soluhio (C)
Prouss Ac no marks
conceptually wrongPorkceular nisAmanl
Particula Untts Amoms
50
To MaHriols o00 9200 y waghage [Sz/
600 16,S69
To Lalou 6200 3yProdutX[Main)
1So 9,641
loOrhcods
The value of the contract would be increased
20 byO
RyfrodutY[ Prdut
25% of the price increased beyond 5%.
Price increased beyond 5% = ` (3,62,500 – 2,90,000) – 5% of ` 2,90,000
200 6195
= ` 72,500 – ` 14,500 = ` 58,000 BPeodet2[8,Procle
Value of contract would be increased by 25% of ` 58,000 = ` 14,500
Therefore, the revised contract value = ` 14,50,000 + ` 14,500 = ` 14,64,500 2900
Calculation of the Value of work certified after taking the effect of escalation clause:
= Revised contract value × Percentage of work certified
= ` 14,64,500 × 40% = ` 5,85,800

-F30.19
ostpe read 92o0t
nche question carefully
620ot 12000
 g (Page No.
Date

Solutin lce)
Velueth odt cerhil-icd: Sso.000 t2S:1s,60

Solulon (O)
marks 2
Economc Order Quanhy Ceca
FoQ:LAO here

A: $0oooxIL: G6O000 lgs

O- *31S per
orck
C 1
otS0 I5 pc gd annghe

COG2x 6,00000x 37S SOoo lkqs

D Maxinvn Stoc level

incomplete !!!!!!!!
RoLtROG-Avg tonsxAvy.Ltad Tim

start answering from point 5 of the question

 no marks

8,000
Abnormal Loss 8,000
(Bal. fig.) 8,000

72,000 60,000
63,000

abnormal loss part need to practice again

EE
 marks 5

Add: Purchases (balancing figure) 20,50,000

19,20,000
conceptually wrong

Read question twice before putting the values.

cost of sales part not accurate

Cost of Goods available for sale 45,00,000

Less: Closing Stock of finished goods 10,50,000
3