B.B.A. (Semester II) (CGPA) Examination Oct/Nov-2017
COST ACCOUNTING
Day Date: Wednesday, 15-11-2017 Max. Marks: 70
Time: 10.30 AM to 01.00 PM
Instructions: All questions are compulsory.
Use of Calculator is allowed.
Figures to the right indicate full marks.
Q.1 Choose correct alternatives: 07
The cost which remains constant at all level of activities
Variable Semi-Variable
Fixed Sunk
The branch of account which is concerned with ascertaining financial
position of the firm.
Cost accounting Management Accounting
Financial Accounting All of these
price is the average of the prices of consignments lying in the
store at the time of issue.
Weighted Average Market
Simple Average Moving Average
Fixed Cost Profit
Sales Contribution
Variable cost BEF
Sales below break-even point indicates
Margin of safety Profit
Loss None
Depreciation on machinery is a example of overhead.
Production Selling
Administration Distribution
Direct Labour Direct Expenses Prime Cost.
Purchases Selling
Closing Stock Material
Q.1 Fill in the blanks: 07
MOS Actual Sales
Halsey Plan is also called as
is prepared to ascertain the cost of product.
budget is prepared for different level of activities.
At Breakeven are equal.
At level, new order of material is to be placed.
Works cost is also called as
Page 2 of 3
SLR-CB-13
Q.2 Attempt (Any Two) 14
Calculate the earnings of workers under Halsey Premium Plan, Halsey Weir Plan
and Rowan Plan.
Standard time 56 Hours
Time taken 48 House
Rate per hour Rs.
Break Even Point
Objectives of Cost Accounting
Q.3 Attempt (Any Two) 14
Sales 30000 units
Selling Price Rs. 10 Per unit
Fixed Cost Rs.
Variable Cost Rs. per unit
Calculate:
PV Ratio BEP (Units and sales)
Also calculate all above when selling price decreasing by 10%
The overhead of a manufacturing company has been analyzed to the point of
primary distribution as given below.
Production department Machine 10,00,000
Assembly 4,00,000
Services department Canteen 2,00,000
Powerhouse 3,00,000
The canteen is to be apportioned on the basis of employees:
Employees
Machine 240 60
Assembly 140 35
Powerhouse 20 5
400 100
The Powerhouse is to be apportioned on the basis of electricity used:
Thousand Kilowatts
Machine 270 75
Assembly 36 10
Canteen 54 15
360 100
ABC Analysis
Q.4 Attempt (Any One) 14
Draw up Flexible budget for the overhead expenses on the basis of the following
data determine the overheads rate 90% plant capacity.
70% 80% 90%
Variable Overhead
Indirect Labour 12,000
Stores Including spares 4,000
Semi Variable Overheads:
Power fixed) 20,000
Repair Fixed) 2,000
Fixed Overheads:
Depreciation 11,000
Insurance 3,000
Salaries 10,000
Total Overheads 62,000
Estimated Direct Labour Hours 1,24,000
Page 3 of 3
SLR-CB-13
OR
The Following is a summary of the receipts and issue of stock in a firm during
January:
Jan
1 Opening balance 500 units at Rs. per unit
3 Received from supplier 200 units at Rs. per unit
6 Issued 300 units
10 Issued 250 unit
18 Received from supplier 200 unit at Rs. per unit
22 Received from supplier 160 units at Rs. per unit
31 Issued 300 unit
Calculate stock Valuation by FIFO and LIFO method
Q.5 Attempt (Any One) 14
Explain the meaning of cost accounting. Also explain the difference between
financial accounting cost accounting.
OR
Global Ltd. supplies you the following information and requires you to prepare a
cost sheet.
Particulars Rs.
Direct Wages 90,500
Hire of cranes on job (direct) 1,400
Power 10,100
Light (factory) 1800
Salesman salary 9200
Machinery Repairs 5700
Shafting Repairs 1400
Storekeeper's wages 800
Advertisement 2500
Directors fee 3000
Office salaries expenses 2900
Driver's Wages and other distribution expenses 10000
Travelling other expenses to sales man 2800
Materials used on Jobs 95000
Wages paid to maintenance workers 24200
Factory rent rates 4600
Salesman commission 1200
Sundry sales office expenses 4700
Machinery depreciation 12800
Shafting Depreciation 1700
Belting repairs 700
Works salary 5400
Auditors fee 200
Postage Stationary 600