University Of Pune Question Paper
B. C. A. ( Semester - II ) Examination - 2013
COST ACCOUNTING
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 80
Instructions :
(1) All questions are compulsory.
(2) Figures to the right indicate full marks.
(3) Use of calculator is allowed.
Q.1) (A) Indicate whether the following statements are true or false : [05]
(a) At Break-even Point, contribution is equal to fixed cost.
(b) Marginal Costing is a method to ascertain Cost.
(c) Operating Costing deals with Costing of Services.
(d) Fixed Cost per unit remains constant.
(e) Financial Accounting has been developed out of limitations
of Cost Accounting.
(B) Fill in the blanks : [05]
(a) Abnormal Loss is charged to _______ Account.
(b) P/V Ratio is the Ratio of _______ to Sales.
(c) Aggregate of all direct costs is known as _______.
(d) Financial Accounting is _______ in nature.
(e) In transport undertaking, the cost unit is _______.
Q.2) Define the term ‘Cost’. Explain various elements of Cost with suitable
examples. [15]
OR
Q.2) Define Cost Accounting. State the advantages and disadvantages of
Cost Accounting. [15]
Q.3) Write short notes : (Any Three) [15]
(a) Cost Unit and Cost Centre
(b) Profit Volume Ratio
(c) Contract Costing
(d) Features of Process Costing
(e) Job Costing
Q.4) Prepare a statement of Cost, from the following information relating
to Cotton Textiles Ltd., Mumbai, for the year ended 31-3-2012 :
Rs.
Cost of Direct Materials 2,00,000
Sales 4,00,000
Direct Wages 1,00,000
Office Indirect Materials 5,000
Cost of Special Patterns 40,000
Postage and Telegram 2,000
Bad Debts recovered 250
Factory and Rent Insurance 5,000
Outstanding Chargeable Expenses 2,000
Carriage Outward 2,500
Interest on Loan 2,150
Printing and Stationery 500
[4373]-205 2 Contd.
Factory Indirect Wages 3,000
Selling on Cost 4,000
Travelling Salesman's Salary 4,000
Work's Indirect Material 1,000
Royalties 8,000
General Works Overheads 2,000
Bad Debts Written-off 1,000
Also calculate the percentage of profits earned to sales. [16]
Q.5) (A) You are given the following data for the year 2012 of Godrej
Ltd. :
Rs.
Sales (l,00,000 Units) 1,00,000
Marginal Cost 60,000
Fixed Cost 30,000
Calculate :
(a) P/V Ratio
(b) B.E.P. (Sales - Value)
(c) Profit when sales amounted to Rs 1,40,000
(d) Sales to earn a profit of Rs. 15,000 [12]
(B) A factory produces 20,000 units. The budgeted expenses are
given below :
Per Unit
Raw Material 75
Direct Labour 20
Direct Expenses 25
Overheads 15
Fixed Overheads (Rs. 2,00,000) 20
[4373]-205 3 P.T.O.
[4373]-205/4
Administrative Expenses (Fixed) 10
Selling Expenses (10% Fixed) 15
Distribution Expenses (25% Fixed) 20
Total Cost per Unit 200
You are required to prepare a budget for 15,000 and 10,000 units. [12]
OR
(B) From the following information calculate : [12]
(a) Material Cost Variance
(b) Material Usage Variance
Standard Actual
Quantity Rate Amount Quantity Rate Amount
Kg. Rs. Rs. Kg. Rs. Rs.
Per kg. Per kg.
Material X 5 2.00 10.00 4 5.00 20.00
Material Y 3 3.00 9.00 5 3.00 6.00
Material Z 2 4.00 8.00 3 3.00 9.00
Total 10 27.00 9 35.00
B. C. A. ( Semester - II ) Examination - 2013
COST ACCOUNTING
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 80
Instructions :
(1) All questions are compulsory.
(2) Figures to the right indicate full marks.
(3) Use of calculator is allowed.
Q.1) (A) Indicate whether the following statements are true or false : [05]
(a) At Break-even Point, contribution is equal to fixed cost.
(b) Marginal Costing is a method to ascertain Cost.
(c) Operating Costing deals with Costing of Services.
(d) Fixed Cost per unit remains constant.
(e) Financial Accounting has been developed out of limitations
of Cost Accounting.
(B) Fill in the blanks : [05]
(a) Abnormal Loss is charged to _______ Account.
(b) P/V Ratio is the Ratio of _______ to Sales.
(c) Aggregate of all direct costs is known as _______.
(d) Financial Accounting is _______ in nature.
(e) In transport undertaking, the cost unit is _______.
Q.2) Define the term ‘Cost’. Explain various elements of Cost with suitable
examples. [15]
OR
Q.2) Define Cost Accounting. State the advantages and disadvantages of
Cost Accounting. [15]
Q.3) Write short notes : (Any Three) [15]
(a) Cost Unit and Cost Centre
(b) Profit Volume Ratio
(c) Contract Costing
(d) Features of Process Costing
(e) Job Costing
Q.4) Prepare a statement of Cost, from the following information relating
to Cotton Textiles Ltd., Mumbai, for the year ended 31-3-2012 :
Rs.
Cost of Direct Materials 2,00,000
Sales 4,00,000
Direct Wages 1,00,000
Office Indirect Materials 5,000
Cost of Special Patterns 40,000
Postage and Telegram 2,000
Bad Debts recovered 250
Factory and Rent Insurance 5,000
Outstanding Chargeable Expenses 2,000
Carriage Outward 2,500
Interest on Loan 2,150
Printing and Stationery 500
[4373]-205 2 Contd.
Factory Indirect Wages 3,000
Selling on Cost 4,000
Travelling Salesman's Salary 4,000
Work's Indirect Material 1,000
Royalties 8,000
General Works Overheads 2,000
Bad Debts Written-off 1,000
Also calculate the percentage of profits earned to sales. [16]
Q.5) (A) You are given the following data for the year 2012 of Godrej
Ltd. :
Rs.
Sales (l,00,000 Units) 1,00,000
Marginal Cost 60,000
Fixed Cost 30,000
Calculate :
(a) P/V Ratio
(b) B.E.P. (Sales - Value)
(c) Profit when sales amounted to Rs 1,40,000
(d) Sales to earn a profit of Rs. 15,000 [12]
(B) A factory produces 20,000 units. The budgeted expenses are
given below :
Per Unit
Raw Material 75
Direct Labour 20
Direct Expenses 25
Overheads 15
Fixed Overheads (Rs. 2,00,000) 20
[4373]-205 3 P.T.O.
[4373]-205/4
Administrative Expenses (Fixed) 10
Selling Expenses (10% Fixed) 15
Distribution Expenses (25% Fixed) 20
Total Cost per Unit 200
You are required to prepare a budget for 15,000 and 10,000 units. [12]
OR
(B) From the following information calculate : [12]
(a) Material Cost Variance
(b) Material Usage Variance
Standard Actual
Quantity Rate Amount Quantity Rate Amount
Kg. Rs. Rs. Kg. Rs. Rs.
Per kg. Per kg.
Material X 5 2.00 10.00 4 5.00 20.00
Material Y 3 3.00 9.00 5 3.00 6.00
Material Z 2 4.00 8.00 3 3.00 9.00
Total 10 27.00 9 35.00
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