1. What are the elements of Cost? 2. Define Standard costing.
Microsoft Word - D7262.doc D–7262 DISTANCE EDUCATION Common For B.Com./B.Com.(LE)/B.Com.(CA)/B.Com.(CA)(LE) DEGREE EXAMINATION. MAY 2021 EXAMINATION & MAY 2020 ARREAR EXAMINATION Fifth Semester COST ACCOUNTING (CBCS – 2018-19 Academic Year Onwards) Time : Three hours Maximum : 75 marks SECTION A — (10 2 = 20 marks) Answer ALL questions. 1. What are the elements of Cost? AhUPzvß TÖPÒ GßÓõÀ GßÚ? 2. Define Standard costing. {ø»¯õÚ AhUPÂø» – Áøμ¯Ö. 3. What are the various stock levels? £À÷ÁÖ \μUQ¸¨¦ {ø»PÒ ¯õøÁ? 4. Write the meaning of Idle time. “ö\¯»ØÓ ÷|μ®” Gߣx £ØÔ GÊxP. Sub. Code 10253/ 12553/ 12353/ 12853 D–7262 2 5. What is Target costing? C»US AhUP® GßÓõÀ GßÚ? 6. Write the features of Operating cost. C¯UP ö\»Âß A®\[PÒ £ØÔ GÊxP. 7. What is Batch costing? öuõSv AhUP® GßÓõÀ GßÚ? 8. Write the meaning of cost control. “ö\»Ä Pmk¨£õk” Gߣvß Aºzu® GÊxP. 9. Define ABC Analysis. “ABC £S¨£õ´Ä” Áøμ¯Ö. 10. What are the types of Contract costing? J¨£¢u ö\»Ä ÁøPPÒ GßÚ? SECTION B — (5 5 = 25 marks) Answer ALL questions, choosing either (a) or (b). 11. (a) What is the need for material cost control? ‰»¨ö£õ¸Ò AhUPÂø» Pmk¨£õmiß ÷uøÁ GßÚ? Or (b) Write the difference between Job costing and Process costing. ÷Áø» ö\»ÂØS® ö\¯À•øÓ ö\»ÂØS® EÒÍ ÷ÁÖ£õkPøÍ GÊxP. 12. (a) Write short notes on “Economic Batch Quantity”. ]Ö SÔ¨¦ ÁøμP “ö£õ¸Íõuõμ öuõSv AÍÄ”. Or D–7262 3 (b) Write short notes on “Perpetual Inventory Control”. “{μ¢uμ \μUSU Pmk¨£õk” ]Ö SÔ¨¦ GÊxP. 13. (a) Find out Prime cost : Direct Materials Rs.50,000 Office Overhead Rs.20,000 Selling Overheads Rs.10,000 Direct labour Rs.10,000 Direct expenses Rs.20,000 RÌPõq® £μ[Pμ¸¢x •ußø© AhUP ö\»øÁ PshÔP : ÷|μi ‰»¨ö£õ¸Ò ¹.50,000 A¾Á»P ÷©Øö\»ÄPÒ ¹.20,000 ÂØ£øÚ ÷©Øö\»ÄPÒ ¹.10,000 ÷|μiU T¼ ¹.10,000 ÷|μia ö\»ÄPÒ ¹.20,000 Or (b) Calculate wages due to a worker from the following : Normal hours in a week – 36 ; Actual hours worked – 45 ; Rate per hour is as follows : Normal – Rs.1.05 Overtime – 200% of normal rate D–7262 4 RÌPõq® £μ[Pμ¸¢x J¸ öuõÈ»õ롧 T¼ø¯U PnUQkP : J¸ Áõμzvß C¯À£õÚ ©o ÷|μ® – 36 ; ÷Áø» ö\´¯ ©oPÒ – 45 ; ÷|μ ©o T¼ : C¯À¦ – ¹.1.05 ªøP ÷|μ® – 200% C¯À¦ ÷|μzvÀ 14. (a) From the following prepare Labour job per man day in 8 hours (i) Basic Salary Rs.120/day (ii) Dearness allowance Rs.2/every point over 100 points cost of living index of working class. Current Index is 600 points (iii) Leave salary 10% of (i) and (ii) (iv) Employer’s contribution to PF 8% of (i), (ii) and (iii) (v) Employer’s contribution to State Insurance 2.5% of (i), (ii) and (iii) (vi) Expenditure to amenities to labour Rs.200/head/month (vii) No. of working days in a month 25 days of 8 hours. D–7262 5 RÌPsh ÂÁμ[Pμ¸¢x |õÒ JßÔØS 8 ©o ÷|μ[PÒ ©Ûu EøǨ¦ AhUPÂø»ø¯U PnUQkP (i) Ai¨£øh \®£Í® – ¹.120 |õÒ JßÖUS (ii) £g\¨£i – ÁõÌUøP ö\»Ä SÔ±k 100 ¦ÒÎPÐUS ÷©À JÆöÁõ¸ ¦ÒÎPÐUS ¹.2 |h¨¦ SÔ±k 600 ¦ÒÎPÒ (iii) Âk¨¦ \®£Í® – 10% (i) ©ØÖ® (ii) À (iv) öuõÈ»õͺ ÷\© |» {v £[PΨ¦ – 8% (i), (ii) ©ØÖ® (iii) À (v) öuõÈ»õͺ ©õ{»U Põ¨¥k £[PΨ¦ – 2.5% (i), (ii) ©ØÖ® (iii) À (vi) öuõÈ»õͺ |» Á\vUPõP ö\»ÄPÒ ¹.200 |£º JßÖUS JÆöÁõ¸ ©õu•® (vii) ©õuzvß ÷Áø» |õmPÎß GsoUøP – 25 |õmPÒ 8 ©oPÒ. Or (b) Calculate various stock levels for Material X : Maximum consumption – 600 units per day Minimum consumption – 300 units per day Normal consumption – 200 units per day Lead time – 8 to 16 days Reorder quantity – 1200 units. D–7262 6 ‰»¨ö£õ¸Ò – X&°ß £À÷ÁÖ \μUQ¸¨¦ ©mh[PøÍU PnUQkP Ea\ AÓÄ £¯ß£õk – 600 A»S J¸ |õmPÐUS SøÓ¢u AÓÄ £¯ß£õk – 300 A»S J¸ |õmPÐUS C¯À¦ AÓÄ £¯ß£õk – 200 A»S J¸ |õmPÐUS ©Ö BønU Põ»® – 8 •uÀ 16 |õmPÒ ]UPÚ Bøn AÍÄ – 1200 A»SPÒ 15. (a) The contract price is Rs.15,00,000. Prepare Contract account for the year ended 31.12.2018 Rs. Plant purchase – 2,00,000 Wages paid – 5,00,000 Overhead – 45,000 Materials sent to site – 6,12,000 Plant at site (closing) – 80,000 Work uncertified – 40,000 Cash received – 12,80,000 Work certified – 10,00,000 D–7262 7 J¨£¢u Âø» ¹.15,00,000 J¨£¢u PnUS (31.12.2018)À u¯õ›UPÄ® ¹. ö£õÔ öPõÒ•uÀ – 2,00,000 \®£Í® öPõkzux – 5,00,000 ÷©Øö\»Ä – 45,000 ‰»¨ö£õ¸Ò Aݨ¤¯x – 6,12,000 (•iÄ ÷uv°À) ö£õÔ C¸¨¦ ©v¨¦ – 80,000 \õßÓÎUP¨£hõu ÷Áø» – 40,000 öμõUP ÁμÄ –12,80,000 \õßÓÎUP¨£mh ÁμÄ –10,00,000 Or (b) The output of the worker A is 60 units in a 40 hours week. Guaranteed time rate is Rs.5/hr. Ordinary piece rate is Rs.2 per units. Show the earnings of Worker A under time rate and piece rate system. J¸ öuõÈ»õÎ ‘A’ 40 ©o ÷|μ ÁõμzvØS öÁÎU öPõsk Á¢u A»SPÒ 60. EzvμÁõu T¼ ÂQu® ©oUS 5 ¹£õ´. \õuõμn ÷Áø» ÃuU T¼ J¸ A»QØS 2 ¹£õ´, öuõÈ»õÎ H°ß Fv¯zøu T¼ Ãuzv¾® ÷Áø» ÃuU T¼ Ãuzv¾® PnUQkP. D–7262 8 PART C — (3 10 = 30 marks) Answer any THREE questions. 16. Calculate Labour variances from the following data : Standard hours – 150 hours ; Standard rate – Rs.60/hr ; Actual hours – 160 hours ; Actual rate – Rs.70/hr. EøǨ¦ ÷ÁÖ£õkPøÍU PõsP : uμ ÷|μ® – 150 ©oPÒ; uμ T¼ Ãu® – ¹.60 u»õ ©oUS ; Esø© ÷|μ® – 160 ©oPÒ ; Esø©U T¼ Ãu® – ¹.70 u»õ ©oUS. 17. Time allowed per unit – 90 seconds ; Rate per hour – Rs.20 ; In an 8 hour day the actual production is recorded as below ; A – 1450 Units ; B – 1060 Units ; C – 2550 Units ; Calculate the earnings of workers X, Y and Z under Taylor piece rate system. D–7262 9 J¸ A»QØS AÝ©vUP¨£mh ÷|μ® – 90 Â|õiPÒ, J¸ ©o ÷|μ® T¼ – ¹.20 ; Gmk ©o ÷|μ® öPõsh J¸ |õÎß Esø© EØ£zv u쨣mkÒÍÚ A – 1450 A»SPÒ ; B – 1060 A»SPÒ ; C – 2550 A»SPÒ ; öh´»›ß EØ£zv •øÓ°À X, Y ©ØÖ® Z°ß Á¸©õÚzøuU PnUQkP. 18. Explain the various classification of overheads. ÷©Øö\»ÄPÒ £À÷ÁÖ ÁøP¨£õkPøÍ ÂÍUSP. 19. Write in detail the areas of cost reduction and ways to control. ö\»ÄU SøÓ¨¦ ©ØÖ® Pmk¨£kzx® ÁÈPÒ SÔzx ›ÁõP GÊx[PÒ. 20. From the following apportion the overheads among the four departments A, B, C and D. Works Manager salary Rs.40,000 ; Power Rs.21,000 ; Contribution to PF Rs.9,000 ; Plant Maintenance Rs.4,000 ; Depreciation Rs.20,000 ; Canteen expenses Rs.12,000 ; Rent Rs.6,000. D–7262 10 Additional information : A B C D No. of employees 16 8 4 4 Area occupied (sq. ft) 2,000 3,000 1,000 – Value of plant (Rs.) 75,000 1,00,000 25,000 – Wages (Rs.) 40,000 20,000 10,000 5,000 Horse power 3 3 1 – RÌPsh ÷©Øö\»ÄPøÍ A, B, C ©ØÖ® D GßÓ |õßS xøÓPÐUS £Qº©õÚ® ö\´P ¹. öuõÈØ\õø» ÷©»õͺPÒ \®£Í® 40,000 ªß\õμ® 21,000 PF £[PΨ¦ 9,000 uõÁμ £μõ©›¨¦ 4,000 ÷u´©õÚ® 20,000 ÷Psjß ö\»ÄPÒ 12,000 ÁõhøPUS 6,000 A B C D Fȯº GsoUøP 16 8 4 4 £μ¨£ÍÄ (\xμ Ai) 2,000 3,000 1,000 – C¯¢vμ ©v¨¦ (¹.) 75,000 1,00,000 25,000 – T¼ (¹.) 40,000 20,000 10,000 5,000 Svøμ vÓß 3 3 1 – ————————