SV’s Sridora Caculo College of Commerce & Management Studies

ISA Test (Written Component)

2020-21 (Odd Semester)
Class : T.Y.B.Com Div: B & C
Subject : DSE 3 - Techniques of Costing
Duration : 20 Minutes
Date : 24th October, 2020
Max. Marks: 10
Q.I. Choose the most appropriate alternative from those provided and complete the sentence.

1. Marginal Costing is a __________________________ of costing.

a) technique
b) method
c) technique as well as method
d) None of the above options are correct
2. In Marginal Costing, Contribution LESS _______________________________________amounts to Profit.
a) fixed cost
b) variable cost
c) Fixed as well as variable cost
d) Neither fixed nor variable cost
3. ____________________________________________ is also called as direct costing.
a) Absorption costing
b) Marginal Costing
c) Standard Costing
d) None of the above options are correct
4. Break Even Point in units = ____________________________________________.
a) total fixed cost divided by total contribution
b) Total fixed cost divided by contribution per unit
c) Total cost divided by P/V ratio
d) None of the above options are correct
5. In a break even chart breakeven point is the point at which ________________________ .
a) Total cost line intersects the sales line
b) Variable cost line intersects sales line
c) Fixed cost line intersects sales line
d) None of the above options are correct
 6. If Contribution = Rs. 2, 00,000 and Fixed Cost= Rs. 80,000, then Profit will be = ____________.

a) Rs. 1,20,000
b) Rs. 2,80,000
c) 40%
d) None of the above options are correct.

II. Answer any 2 (Two) from the following: (2*2= 4 Mks)

1. From the following data calculate:

a. BEP (in Rs.) b. Margin of Safety

Sales= Rs. 8, 00,000

Fixed Cost= Rs. 1, 00,000
Variable Cost = Rs. 4, 00,000

2. Sales and profits for 2 years are given as follows:

Year Sales (In Rs.) Profit (In Rs.)

1st Year 3,20,000 -10,000
2nd Year 4,80,000 30,000

Calculate: a. P/V Ratio b. BEP (In Rs.)

3. If Sales = Rs. 1, 00,000

Variable Cost = Rs. 60,000
And Fixed Cost = Rs. 10,000
Calculate the sales required to earn a profit of Rs. 50,000