Scribd Logo
Upload

Welcome to Scribd!

  • Commerce CC3 (2.2CH) 2019

    Uploaded by

    tsyrlwbye
    13 views4 pages

    Original Title

    Commerce_CC3(2.2CH)_2019

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    Download as pdf
    13 views4 pages

    Commerce CC3 (2.2CH) 2019

    Uploaded by

    tsyrlwbye

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    Download as pdf
    of 4
    CH-I/Cost Accounting-CC-3/2.2CH/19 B.Com. II Semester (Honours) Examination, 2019 (CBCS) Subject : Cost Accounting Paper : CC-3 (2.2CH) ‘Time: 3 Hours Full Marks: 60 14221 The figures in the margin indicate full marks. Candidates are required to give their answers in their own words: as far as practicable. | _sftes aree ran eae 54 Fee Asatte ae Face era Be fice eA! Answer any fen from the following questions: 2%10=20 ‘Ria eee cae a CHICA Pm ere eR AS ¢ (2) What is cost unit? Give an example. an awe Sr cas Baer Ms | (b) What is opportunity cost? yaaa - a (©) What d6 you mean by chargeable expenses? Sere ta ACSF carat? (@ What is Goods Received Note? ares anita fea ai Sore He (©) What is meant by Bin Card? fern ae A carer? (@) What is perpetual inventory system? wien Rarwa ere aia eta em Be (g) Mention the names of any two manual inethods of time bookis aaa erecta Yb conire tata am tome wat (h) What is the main theme of Taylor's Differential wage rate? ciara onderaae xeht waa a reree Se (@ What is the formula applied ia measuring production overhead absorption rate by using percentage of prime cost?” z Be aE ToL ect Bola aie ra Mee aft ad Ae G) What is the basic assumption underlying the step method of redistribution of service department costs? rat arin Recs AE Ce sha ae SERA Ae Please Turn Over 1282 CH-L/Cost Accounting-CC-3/2.2CHI19 (2) (k) What is “Retention Money’ in the context of contract costing? feet ofan fia sraten afacetace ‘ataw wet Se (Name four types of business where job costing would be appropriate, Brn Aaa STATA a ERT COC aE ata Fae S| (m) What is Integral Accounting? :\ edge fener A \ (n) Name any two expenses which are not included in Cost Accounting, often Rarer SEGS a a aR Cx CONT AB MAIDA A CATA (0) What do you mean by ‘By-Product"? “Crisis ace @ carat? 2. Answer any four from the following questions 5x4=20 iba SRT cas cl CeCaT ors acRa Sea Het (@) What is Cost Accounting? Mention the objectives of Cost Accounting, 14d=5 ofr Roraae sce aint? aa Rorerecra Boerels Beat eat (b)_ Whats labour turnover? State the methods used to measure labour turnover, Iedes anlanés Se ae oeey oars dame ele el qe aT (©) Distinguish between Process Costing and Job Costi oifaear afters reir e axfefe atin fata aces ones Pret cat (@) From the following information, compute the raw material purchased: S290 Flood Cea ar Care SOMA wx Hane wats Rs. Opening stock of raw materials 2,000 Closing stock of raw materials 30,000 Direct wages 2.104 Factory overhead 60% of direct wages (26000 General overhead 10% of works cost [2600 Cost of produetion : 6,88,600 Rar enzeay) (6) From the following particulars in respect of the use of material, compute 341415 Heer aes AMASS Acs Hen Fra cece faela Scat s (@ Economic order quan (ii) Frequency of orders during the year and Gif) Time interval between orders: Annual usage Rs. 3,60,000 Ordering cost per order Rs. 100 (Carrying cost per annum 8% (RaSh on zB |] @) (f) Calculate the comprehensive Machine Hour Rate from the following particulars: Fiewa creat Peat ceca Farge ae wT ae ALA Cost of Machine Rs. 1,50,000 Estimated scrap value Rs. 24,000 Estimated life 1O years Nuynber of working hours per annum 1,900 Vain 100 hours for repairs) sel oil consumption per hour forrun 2 liters at Rs. 3 per liter JaSurance 1% pa. capital cost Repairs and maintenance Rs. 5,400 pa, | SiaGes of operator Rs. 4 per hour of working 1 AGneral overheads related to the machine Rs. 3,900 pa. 4 Ioan of Rs, 90,000@ 10% pa. interest was taken to meet the purchase price of the machine, party. (Bert eet Pa) Answer any awo from the following questio ‘Aiba enele colee CL cercaien ais Seams ¢ 10%2=20 (a) What is process costing? In which cases the use of process costing is considered suitable? How do you treat ‘Abnormal Loss’ and “Abnormal Gain’ in process costing? 24+3+5=10, ae fftos fit ae Ce TA GHIA GH CHL ee fae SE tafe TAIN BEE fate are ofeat afzars Ret omPECE GR Seta TatSleT AE “aateihe ae’ Rein aude watt © From the following information, calculate production bour rate of recovery of overhead for Departments A, B and C using Simultaneous Equation Method: eaten wae Tees Fs As Crem wT CATH A, Bek C freiraa Belts SICH Bt frets scat Particulars | 1 Production Depts. _ | Service Depts. | Toul [A] B ] Cul Pama Rs | Rs | Rs. | Rs. | Rs. | Rs. Rent 12,000 2.400 | 4,800| 2,000 | 2,000 _ 800 Electricity 4,000] 800] 2,000] s00| 400] 300 Indirect Labour | 6,000) 1,200 2.000] 1,000] 800 | 1,000 | Depreciation 5,000] 2,500] 1,600] 200] 500] 200 | Sundries 4500/910[2143| 47] 300] 300 ae | | 1,000 | 2,500 1,400 CH-I/Cost Accounting-CC-3/2.2CH/I9 (es) Expenses of Service Departments P and Q are apportioned as: A B ¢ P Q iF. 30% 40% 20% — 10% Q 10% 20% = 50% = 0H Rests eg a (©) A company commenced the work on a particular contract on Ist April, 2018. They close their books of accounts for the year on 31st December each year. The following information is available from their costing records on 31st December, 2018: Materials sent to site Rs, 50,000, Foreman’s salary Rs. 12,000 ‘Wages paid Rs. 1,00,000 ‘A machine costing Rs. 32,000 remained in use on site for 1/5th of the year. Its working life was estimated at 5 years and-scrap value at Rs. 2,000, A supervisor is paid Rs. 2,000 per ‘month and he had devoted one-half of his time on the contract. All other expenses were Rs, 15,000, The materials on site were Rs. 9,000. The contract price was Rs, 4,00,000 on 31st December, 2018, 2/3rd of the contract was completed, however. the architect gave certificate only for Rs. 2,00,000 on which 75% was paid. Prepare the Contract Account. << caret 2018 ITA Ist April ae Ger plea ata ca sun) GAG af ee 31st December eid PNRMIE sa Sal wie vie aa ces 31st December, 2018-

    You might also like