B.Com. III (Semester VI) (CGPA) Examination, 2018
ADVANCED COST ACCOUNTING (Paper
Day and Date Friday, 7-12-2018 Max. Marks 70
Time 2.30 p.m. to 5.00 p.m.
N.B. All questions are compulsory.
II) Figures to the right indicate full marks.
III) Use of calculator is allowed.
1. Choose the correct alternatives. 14
Differential piece rate system was introduced by
Rowan Halsey F.W. Taylor Gantt
Overtime is an extra time over and above working hours.
abnormal normal idle time overtime
Canteen expenses are allocated on the basis of
capital value sales
no. of employees area
Who suggested payment bonus equal to 50% of the time saved
Halsey Rowan Taylor Gantt
Usually outworkers are paid wages on basis.
Time Piece Merit None of these
Which of the following item is not included in cost accounting
Interest received on Bank Deposits
Dividend paid on share capital
Income Tax paid
All of these
Overhead is also called as
aboveheads underheads on cost over cost
is the loss of employment in an organisation.
Labour placement Labour turnover
Labour absenteeism All of these
When actual overheads are less than the estimated they are known as
under absorption over absorption
under valuation over valuation
10) is that labour which can be identified with the manufacture of
the product.
Direct labour Indirect labour
Labour control None of these
11) If time allowed is 20 hours and time taken 16 hours and rate per hour of
wages Rs. 10 earning according to Halsey plan Rs.
180 200 220 240
12) Indirect material indirect labour indirect expenses
prime cost factory cost
overhead cost of production
13) Under Taylor's piece rate method how piece rate will normal
piece rate.
120% 110% 100% 80%
14) Cost of abnormal idle time is transferred to
costing profit and loss A/c Debit side
costing profit and loss A/c Credit side
factory overhead A/c
None of these
2. Write short notes. (any two) 14
Labour turnover
Need of reconciliation
Time rate method.
3. Calculate the total monthly remuneration of three workers Y and Z from
the following data. 7
Standard production per month per worker 2000 units.
ii) Actual production during the month
X 1600 units Y 1700 units Z 1800 units
iii) Piece rate per unit of production Rs.
iv) D.A. at Rs. 500 per month per worker (Fixed).
H.R.A. at Rs. 400 per month per worker (Fixed).
vi) Addition production bonus at Rs. 10 each percentage of actual production
greater than 80% of standard production.
Time Allowed 20 Hours, Rate per hour Rs. 10
X worker earned Rs. according to Halsey Plan, you are require to find
out the actual time. 7
4. Calculate the earning of three workers under Rowan Plan. 14
Particulars Workers
A B C
Standard time (Hours) 160 120 80
ii) Actual time (Hours) 120 80 60
iii) Rate per Hour 8 10 12
OR
From the following particulars, compute machine hour rate. 14
Cost of machine Rs. 1,10,000
ii) Estimated scrap value Rs. 10,000
iii) Life of machine 10 years
iv) Rent and rates of the shop per month Rs. 9,000
General lighting per month of the shop Rs. 4,000
vi) Insurance of machine per month Rs. 3,000
vii) Supervisors salary per month Rs. 5,000
viii) Power consumption per hour 10 units and rate of power per unit is Rs. 2.
ix) The working hour per year 2000 hours.
The machine occupied
1
4 area of the shop. The supervisor devotes
1
5 of his
time for this machine.
5. From the following information, you are required to prepare a reconciliation
statement. 14
Profit and Loss A/c
For the year ended 31-3-2017
To opening stock 4,94,358 By sales 6,93,000
To purchase 1,64,308 By closing stock 1,50,242
To D. wages 46,266
To factory OH 41,652
To G.P. c/d 96,658
8,43,242 8,43,242
To Administrative Expense 19,690 By G.P. B/D 96,658
To Selling Expense 44,352 By Sundry income 632
To Net Profit 33,248
97,290 97,290
The costing records shows
Net profit Rs. 46,126.
ii) Value of closing stock Rs. 1,56,394.
iii) Factory overhead absorbed Rs. 39,428.
iv) Admi. Exp. charged of sales.
Selling Exp. charged of sales.
vi) Direct wages charged to production Rs. 49,734.
vii) No mention of sundry income.
OR
Rahul modern Company Ltd. is having 4 Dept. B and C are production and
D is service department. 14
The Expense for the year 2017 are as under
Rent Rs. 20,000.
ii) Repairs to plant Rs. 12,000.
iii) Lighting Rs. 8,000.
iv) Depreciation of Plant Rs. 18,000.
Fire insurance of stock Rs. 2,000.
vi) Supervision expense Rs. 20,000.
vii) Canteen expense Rs. 4,000.
Other information in respect of 4 department are as under
Particulars A b c d
Area (sq.ft.) 1500 1100 900 500
ii) Value of plant 12,000 9,000 6,000 3,000
iii) Value of stock 15,000 9,000 6,000
iv) No. of workers 40 30 20 10
Apportion the above expenses to various departments by preparing the overhead
distribution charts.