TYBCOM_ SEM 5_ COST ACCOUNTING_SEPT 16.

12
Marks: 75 Duration : 2 hrs
Q.1 Prepare cost sheet from the following information & find the value of closing stock (2000 units)
Particulars
Direct material
Trade Fair Expenses
General manager salary
Office maintenance charges
Factory rent
Direct wages
Bad debts
Depreciation on plant and machinery
Drawing and design expenses
Showroom rent
Direct expenses
Advertisement
Depreciation on office computer
Opening stock of Finished goods(1000 units)
Sales ( 19000 units)
Purchase of machinery
OR

(15)

Amount
340000
160000
360000
188000
150000
260000
50000
96000
54000
114000
380000
185250
172000
85250
2280000
190000

Q1. Zee ltd submits you the following information for the year ended 31.03.2016

(15)

Particulars
Amount
Direct material
250000
Factory overheads
200000
Office overheads
100000
Selling overheads
60000
Direct wages
150000
Sales
1200000
Prepare financial profit and loss A/c from the above information and also prepare cost sheet if
Direct Material is 240000 and Factory overheads 250000 office overheads are same and
selling overheads are under absorbed by 10000 and Direct Wages is over absorbed by 20000.
Q.2.A. State whether the following statements are true or false.
1. Overheads includes fixed cost only.
2. The combined cost total of labour and overheads is called as prime cost
3. Profit as per cost books is always same as financial books.
4. Goodwill w/o appears only in cost accounts.
5. Wages of Delivery van driver is selling overheads
6. Carriage outward is not a overhead but direct cost.
7. Time wages are guaranteed in Halsey premium plan
Q.2.B. Match the following
Column A
Column B
1. EOQ
a. Amount is constant
2. Fixed cost
b. Information about Stock rotation
3. Re-order level
c. Differential
4. Canteen expenses
d. Re order quantity
5. Rent
e. No of Employees
6. Closing stock in cost sheet
f. Economic order quality
7. Taylor
g. To be valued at cost of production
8. Inventory turnover ratio
h. Max consumption * Max time
i. indirect cost

(07)

(08)

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Q.3.a. Calculate inventory turnover ratio in times and in days assume 360 days in a year
Particulars
Mat X
Mat Y
Mat Z
Opening stock
700 tonnes
200 tonnes
1000 tonnes
Closing stock
200 tonnes
1200 tonnes
1200 tonnes
Purchases
11500 tonnes
11000 tonnes
1800 tonnes

(08)

Q.3.b. Monthly consumption 4000 units, ordering cost 120 per order and storage cost is 5% and rent and other
holding cost rs.1 unit price is 20. Find EOQ and total ordering and total carrying cost 07m
OR

Q.3 Find payment as per all plans

Particulars
Standard Hours
Actual Hours
Rate per hour
Standard output
Actual Output
R.P.U

Worker A
400 hrs.
370 hrs.
1250
550
480
12

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Worker B
500 hrs.
467 hrs.
1150
650
650
18

Worker C
600 hrs.
610 hrs.
800
750
775
24

Worker D
800 hrs.
770 hrs.
750
850
880
30

Q.4. Prepare statement of primary distribution from the following information.

(15)
Paticulars
X
Y
Z
A
B
Area
2000 sq.
2500 sq.
3000 sq.
2000 sq.
500 sq.
Light points
20
30
40
20
10
Value of
24000
32000
40000
2000
2000
machines
Horse power
120
60
100
20
No of workers
10
10
15
Following are the list of expenses Rent- 10000, Electricity- 1200, Salaries-26000, Depreciation 20000, indirect
wages- 3500, Power-3000.
OR
Q.4.A.
Particulars
RIL
TATA
Annual demand
2000 students
1280 students
Ordering cost
1200
1440
Carrying cost
480
650
Find E.o.q, total ordering cost and total carrying cost
(08)
B.) Calculate Reorder-level, Max-level, Min-level, Average-level if Usage is 400-600 litres and period of delivery 4
days 6 weeks and Re-order Qty is 800 litres.
(07)
Q.5.a Explain the Different types of cost?
(10)
Q.5.b Distinguish between cost control and cost reduction
(05)
OR
Q.5.a. Explain the need of cost accounting system
(07)
Q.5.b. Explain list of apportionment of overheads.
(08)

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