{INTE J-2594-A Second Year B. Com. (Sem. IV) Examination April/May - 2013 Advanced Accounting & Auditing : Paper - If (Gost. Accounting) ‘Time : 3 Hours] [Total Marks : 70 wat: (a) WA cake g- Pala Gan Great we wate andl. Seat No, cae, en Second Year B. Com. (Sem. IV) Name ofthe Subject -f of Advanced Accounting & Auditing : Paper - IIL esonaceane [2] oo] a] ese 02. (2) wat oi aakeud &. oc (3) well ouget amiss nett ae ead &. (ew) wad awed warn onigd call. 1 @ wBAty Geter | VARY Bis 3 AMI HLS + 10% MALL OPUS: WPL USAL a/2 WBavti cima Re Asi al. Gi) tatefl ae a r wei setsiyet Real ea. eas oad eed bs AY: oO” A wn qd raz > 20 BR. aad dena PMO Tea we yea : Asta CO% Vw Rellar wi ga Bellare Ad. J-2594-A] 1 [Contd...Gi) #22 Baa ' 2. 24,00,000 3 gt aa val i 3. 42,40,000 adie ass i 3. 92,00,000. Gaulta sri 0%) sed al 5 yRW% Cet wuld seid usar aed. Gv) MHL Geuted + Wo Asal) 2 Bsrdls wae aural : do Below wRue Gallet : Yoo Asa) Bsudls viva quae rae Bed DsHels MAUL Ysa 353,23. "14O. Midarit quart Raed ald. V_—-UM_ sagged ucla al. ¢-¥-VOIeti AB yg. 24,00,000e1 ay Gad sur eld. at. 39-a2-2odaat dey yat adi af vid. sured wd fA yw B + 2 sur wou we asda ane... ++ %,NE, 100 weal 4,€0,400 deed wour .. ++ €0,300 asda rarer .. ‘i ++ 2,€0,000 adad wa wal ++ 1,92,000 aad wldl = (a) -queaudored wus uaUur 3. ¥,000 8. ¥ Ward sly aa aL Sea UR wl Bd. (2) saa we Asda resid ave Raa Gude Aqua wat. J-2594-A] 2 [Contd...(3) rareriladd rica a o af 8. afl cisuatna 3. 14,000 rierwari wud 8. (x) ae we ati aia He Ws 2. 24,400 8. (4) sar ua ata aia 2/3 oad set Ys ay ed. (2) seeGrati yo% st a1 wie AH] 4g. (e) sai aur UM 3. ¢,¥0,000 dss Hl B. , (2) 3. wNood Beds ate BtGuelel eu 3. x,c0oHi aafl aad ed. SU ld Ad. mad 2 wey aMarhoer dai wes Aula we udiusa wz ged ay Guha & Bd. Auld wn vo B.Pal sad wa 8. 251 arc 10 ail B. 25 erdeell A ub3 Au QB. var Fei ysl arard wa da 8. me ana vid dad. fad ud ror af eePatal az eaart cual 8. Aa queue... ¢ B.A. wha ler sn 3. 80 MM der Soa 2. 1,NOo wsakuels Sard wu... - 1,000 weathuiels wad wl wee 3. YOO wsalhuidls 1B. WHO wEauiels geil oauetiad .... J-2594-A] 3 {[Contd...dod alls . 3. 10,¥0O aaa wal... ss 8: 98,NOO 2d MYM. . 04,000 BR. aaa a. 3. 2,€00. alls adlaal ula wal. 3. ¥1,€00 alls zs wsaRami via Raw wad 8. we meal wed Aa usar was eid, 21 Beller ai Belolerdls usar aed. 3 WAU Suet Goulet Rewri As aaq ae MBL A, BWA ay Cuil yar a @. WRAL AHL Asudls 2 Rol Bad sal xia ema sai mel vl. wBaL Cai 2id wwe Geuetai As Cce2 Sat. HiRdl AA yen B : Cara Ba A uBu B uBar C AIL OLS 3% e% 3% waMR MOUS, 0% N% RNG we Usd Asudls Guy 3. NO. 4.00 40.00, Rae Maal 40000 44000 O00 wel yoooo 6000, e4ooo wert wal 10810 ceco qoRwO MEAL USAR Ua Ae HAUL AALS WA BAMPUML AURAL Mat ust etd, *mAAL J-2594-A] 4 [Contd...3 we Bat usar Rovsviel AL wd dal B. As Beret an Genet wel wu aed wd A wll 8 : areal Ba. Buds oud 3. A NO NO B xO ¥O Cc 30 400 Geutet co As He seu Had. qua fA yea B = saat Ba. Gaels md 3. A wIEO Mw B aco 3c Cc rwoo a0 maa Baar ad. vy Ady Ratt As vat Fewar Hz AsiGee Ro i. aval ay Aad ssl s2ai fll wade zy Re B. 2 AIL 44,000 waa Hel: 120 Seis, SaUsEls 3. YO AY 9,200 Rout : X co seus Y €0 sais Z vO sais 42,200 GAA: 24% AD wale UNO 2R,OXO J-2594-A} 5 [Contd...MUCH aL teigsaid Mtetld Yassze AA ye B : Rad 2. Fat ¥0,00,000 aula Wee, 2¥,00,000 Reta : X 1,¢0,000 Y 4,€2,000 Z %.2¢,000 ¥%,€0,000 st wal: X ¢0,000 Y¥ 4,¥¥,000 Z_ 32,000 2,4€,000 Aue veal 3,13,€00 ga vel 3%, ¥¢,€00 ale sal U,NO, YOO aout X,Y, Ze aaa veal senses Dear B. swt usdeed aur ada aur wal said @. wee deuexa va 20% AA Wiad B. AHR Ao Usd Wis AUR sald B. mad e Aaige sul B. AA yer Usarei aise wd B. aHR uBaan ay Het Yet wuci aan 8, uBur wz Baeadls 3, voor od 4000 area auriel wilel dl : Pad vwlaadl glasrertl Brida Bar Bar wba wl a. €,€00 3,000 3,000 war wel 4,000 oo Yoo URAL Mawel, 900 200 saved) avid Noo ‘yoo 400 aun wal Oo 4No. 400 J-2594-A] 6 {Contdaul wuledl = (a) seme ual 3. cro 8. Fl naa aol wad esa ata 8. (2) Vata wBard APU Us EA Be AsDai 30% ed. Fell Breads 3. io Quy wl. au uBarti we Gaur eco Fea ay. afasrerdl wBusi co Frea Gude wel. Fd xt 2. €,200 8, (3) (es) Bball wBarti awl w% 42 Ud. wwe Aad Goutet Udo Fae wis (u) Music usar Beedle 3. 4 ad. AR UBL tet, HALA HOUS AA WALA BULL PUR Rati d. NX gs civ au: (AA A aed) a (a) aysa Vera AA Gudere (2) wane Usa? Nef srAet (3) Aa sae vafien eal (os) AH user Yell arersced (x) magi sae vad 4a (ze) Bard ous. J-2594-A] 7 [Contd...NGLISH VERSION pees Instructions : (1) As per the, instruction no. 1 of page no. 1 @ Question No. 1 is compulsory. (3) Figure at right side indicate marks of the si ‘tog’ 14° question. (4) Show all necessary calculation. 1 | @ © Production of process: :-2125 units 3 Normal wastage : 10% 1 Abnormal wastage : 2 of normal wastage Find out units introduced in the process. Gi) No. of buses : 5 2 Days operated in the month : 25 Daily round trips of each bus : 4 Distance between two place : 20 kms Capacity of the bus : 50 passenger Normal passengers travelling : 90% of the capacity Find out passenger kms and total kms. Gi) Contract price : 25,00,000 3 Total expenditure incurred : 12,50,000 Cash received : 12,00,000 (80% of work certified) Profit on contract : 25% Find out the cost of uncertified work. J-2594-A] 8 [Conta...Gv) Standard production : 550 units 2 Standard usage per unit : 10 kg. Actual production : 500 units Actual usage per unit : 11 kg Standard cost per unit : Rs. 150 Find out material usage variance. 2 Raja Construction Company has taken contract of wb Rs. 21,00,000 on 1-4-2012. The following particulars are as under relating to contract for the year ended on 31-12-2012. Materials provided to contract : 2,58,100 Labour : 5,60,500 Formen's salary : 80,300 Provided plant and machinery : 2,60,000 Administrative expenses : 1,12,000 Additional information : 3 1, Supervisor's salary is Rs. 4,000 p.m. Who devoted 7 of his time to this contract. 2. Machine provided to this contract has been usaged 146 days only. 3. Estimated life of the machine is seven years and its estimated scrap value is Rs. 15,000. 4. Materials at site on year ended is Rs. 25,400. J-2594-A] 9 {Contd...2 5. On year ended 3 Part of the work on contract was completed. 6. Certificate has been received 50% of the contract price. 7. Cash received from the contracted is Rs. 8,40,000. 8. Some of the materials costing Rs: 4,500 was found unsuitable and sold it Rs. 4,000. Prepare contract account. OR 2 — Ajay Automobiles distributes its goods to a regional dealor 15 using a truck. The dealer's premises are 40 kms away by road. The truck has a capacity of 10’ tonnes. Truck makes the journey twice a day. The truck has fully loaded on the outward journeys while empty on return journeys. The following information is available for a four weekly period during the year 2012. iG Petrol consumption 28 Kins per ltr. Petrol cost .. Oil. -. Rs. 70 per ltr. cvnaneR8: 1500. per, week Driver's salary. .. Rs. 1000 per week Repairs... Rs. 400 per week Garage rent... Rs, 150 per week Cpe OE Ti task tinser laa Siete ta ag Rs, 9,00,000 Life of truck .. 00,000 kms Scrap value of truck. Rs.'1,00,000 (at the end of its life) Insurance Rs. 10,400 yearly J-2594-A] 10 [Contd...Cost: of tyres... Rs. 37,500 Life of tyres... £275,000 ans Licence fee... Rs. 2,600 yearly Administrative exp. . ..Rs. 41,600 yearly ‘Truck operates on & five day week. Prepare a operating cost sheet for the four weekly period and find out cost per tonne kilometer and per kilometer. 3 A product passes trough three process A, B and © in rey department of Anurag Company. Raw materials were introduced in process of at Rs. 20 per unit. Actual production at the end of process C were 8892 units ‘The information is as under. Particulars Process A Process B_ Process C Normal wastage 3% 4% 3% Actual wastage 4% 5% Yield of wastage per unit Rs, 2.50 5.00 10.00 Sundry materials 1000 15000 Labour 50000 80000 Direct expenses 10410 8680. Prepate the process accounts with also abnormal wastage / gain accounts. OR J-2594-A] a [Contd..3 ‘The following informations are received from the costing 15 department of Jaya Ltd. The standard quantity and standard price of raw materials require for one unit of product are given as follows. Materials Kg. Price per Kg. Rs. A 30 50 B 20 40 c 30 100 Actual consumption of raw materials for the 80 production units are as follows. Materials Kg. Price per Kg. Rs. A 4160 55 B 1580 38 Cc 2400 110 Find out materials variances. 4 A newly appointed cost accountant of Avenue Ltd. has 15 presented the following cost for Job No. 141 to determine selling price. Rs. Materials 11,000 Direct wages : 180 hours at Rs. 40 per hour 7,200 Dept. —_X 80 hours Y 60 hours Z 40 hours 18,200 Add : 25% for expenses 4.550 22,750 J-2594-A] 12 [Contd...Analysis of the profit and loss account for the previous year shows the following. Particulars Rs, Sales : 40,00,000 Materials used 3 24,00,000 Direct wages Department X — 1,60,000 Y = 1,92,000 Z = 1,28,000 4,80,000 Factory overhead Dept. X 80,000 Y 1,44,000 Z 32,000 2,56,000 Selling expenses 3,13.600 Total cost 34,49,600 Net profit 5,50,400 Labour rates for the three departments X, Y and Z are similar. Calculate selling expenses taking factory cost as basis. 20% profit is to be calculated on selling price. You are required to prepare job cost sheet. OR J-2594-A] 13 {Contd...4. Parachute Com. Ltd. gives the following cost data, 15 You are required to prepare various accounts. Purchases of 1000; quintals of copra at Rs. 500 per quintal. Particulars Crushing Refining _ Finishing Process’ Process Process Wages Rs. 6,600 3,000 3,000 Power 1,000 500 400 Sundry materials 100504, 200 Repair to plant 500 400 400 Steam expenses 250 150 100 Additional information : 1. Factory expenses is Rs. 9,450, which is to be charged as percentage of direct wages. 2. Normal wastage in crushing process was 30% of input. Which is realized of Rs. 10 per quintal. Actual production was 690 quintals. 3. 90 quintals of by-product obtained from the refining process which valued at Rs. 6,200. 4. Loss in weight in finishing process was 5% of the input 580 quintals Coperal was produced after finishing ‘process, 5. Cost of casks incurred Rs, 1 per quintals produced. ‘You are required to prepare process accounts with also abnormal wastage/gain accounts. J-2594-A] 4 [Contd...5 Write short note : (any three) 15 Q) Joint products and By-products (2) Advantages of standard costing (3) Characteristics of operating costing (4) Characteristics of job costing (©) Profit on incomplete contract (6) Process wastage. J-2594-A] 15 [14000]