Shree H. K.

Parekh College of Management – Mahuva

TYBBA – Management Accountancy Test (Unit & Process Costing)
Date : 14/08/2010 Total Marks : 30 (1 hour duration)

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Q–1 From the following figures, prepare the cost sheet up to the cost of production for each unit
of the goods manufactured. [08]

Particular Amt Rs.

st
Opening stock 1 Jan – 2002
Raw materials 500 units 600
Finished goods 500 units 3500
Purchase of raw materials (1000 units) 19270
Closing stock 31st – Jan – 2003
Raw materials 300 units 1510
Finished goods 700 units 3850
Office expenses, rent and rate 2448
Repairs and depreciation on plant and machinery 2040
Printing and stationery 1836
Manufacturing and wages 19380
Factory rent and taxes 3468
Coal consumed 5916
Selling price per unit 6

Q–2 Nemi Limited process a patent material used in buildings. The material is produced in three
consecutive grades, viz. A, B, and C. [12]

Process – I Process – II Process – III

Raw material used 1000 tonnes - -
Cost per tone Rs. 200 - -
Manufacturing Wages and Expenses Rs. 87500 Rs. 39500 Rs. 10710
Weight Loss (% of input of the process) 5% 10% 20%
Scrap(sale price Rs. 50 per tone) 50 tones 30 tones 51 tones
Sale price per tone Rs. 350 Rs. 500 RS. 800
Management expenses amount to Rs. 17500 and selling expenses are RS. 10000. Two thirds
of the output of process – I and one-half of the output of Process – II are passed on the next
process and the balance is sold. The entire output of process – III is sold. Prepare the three
process accounts and a statement of profit. Make approximations wherever necessary.

Q–3 Do as directed

[A] Give specimen of abnormal loss account [03]

[B] List and classify 14 expenses for unit costing (classify into prime, factory, office, sales and
distribution etc) [07]

Best of Luck