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1 APRIL 2016 Time : Three hours Maximum : 75 marks 1. Define cost accounting. PART A (10 2 = 20 marks) Answer any TEN questions. AhUPÂø»U PnUQ ø» ÂÁ. 2. State any two differences between cost and financial accounting. AhUPÂø» ØÖ {vu PnUQ ¾US EÒÍ ÁÖ õkpîà H uý CμsiøÚ TÖP. 3. How materials can be controlled?» ö õ ÒPøÍ GÆÁõÖ Pmk kzu»õ? 4. Mention any two advantages of decentralized purchasing. μá»õup mh öpõò u¼ß ßø PÎÀ H uý CμsiøÚ SÔ kp. 5. When FIFO system of pricing issues should be adopted? u¼à Á uøá u¼à PÈ uøá øó i Âø» mk ÁÇ[SuÀ G ö õêx Pøh iup Ásk? 6. What is the formula for computing bonus under Rowan Plan? μõáõß vmh i v PnUQh ß k `zvμ GßÚ? 7. What is meant by labour turnover? öuõè»õíº _ÇØ] Gß uß ö õ Ò GßÚ? 8. What do you mean by differential piece rate? õö mh E i T¼ Gß uß ö õ Ò ØÔ } AÔÁx GßÚ? 9. What is absorption? DºUP kuà GßÓõÀ GßÚ?

2 10. Give any three examples of administration overheads. {ºÁõP Øö\»ÂØPõÚ Euõμn[PÎÀ H uý ßÔøÚ u P. 11. State any two special features of job costing. o AhUPÂø» ¼ß ]Ó C À PÎÀ H uý CμsiøÚ TÖP. 12. Mention any two industries in which process costing is applied. ö\ øó AhUPÂø»ø ß kzx öuõèø\õø»pîà H uý CμsiøÚ SÔ kp. PART B (5 5 = 25 marks) Answer any FIVE questions. 13. List out the advantages of cost accounting. AhUPÂø» PnUQ ¼ß ßø PøÍ mi ¼kP. 14. When tenders were invited for a store, quotations were received as under. Supplier A Rate Rs.2/- each; trade discount 10% ; cash discount 5% if bills are paid within a fortnight after receipt; transport charges Re 1 per 100 units. Supplier B Rate Rs each (upto 1000 units), Rs.1.60 each (for orders above 1000 units); 6% interest per annum will be added if bills are not paid within a fortnight after receipt of materials; transport charges Rs 3 per 100 units. Assuming about 5000 units are required every month and that quality and other conditions of supply are the same, offer your comments as to whom purchase order can be issued. The factory pays 50% of its total monthly bills every fortnight. shp \õø»us Áø»UPõÚ J u Põ ÓS, RÌPshÁõÖ Âø»USÔ PÒ ö Ó mhú. ÁÇ[S Áº A JÆöÁõßÔß Âø» ¹. 2; ÁºzuP uòð i 10%; ö Ó mhv¼ x vøú x õmpðusò μ^vß nzøu PmiÚõÀ öμõup uòð i 5%; õusáμzx ö\»äpò, JÆöÁõ 100 A»SPÐUS ¹. 1. 2

3 ÁÇ[S Áº B JÆöÁõßÔß Âø» ¹ (1000 A»SPÒ Áøμ); JÆöÁõßÔß Âø» ¹ (1000 A»SPÐUS À EÒÍ BønUS);» ö õ Ò ö Ó mhv¼ x vøú x õmpðusò μ^xus nzøu PmhÂÀø» GßÓõÀ J Á hzvøs 6% Ámi \ºUP k ; õusáμzx ö\»äpò, JÆöÁõ 100 A»SPÐUS ¹. 3. uμ ØÖ ÁÇ[SÁuØPõÚ Cuμ { uøúpò JßÓõP C US ö õêx, JÆöÁõ õuzvøs 5000 A»SPÒ uøá k GÚ {øúzxu öpõsk, õ h Bøn ÁÇ[P»õ GÚ EÚx P zxupøí öu ÂUPÄ. JÆöÁõ vøú x õmpðus öuõèø\õø» Auß õuõ vμ μ^và 50% PmkQÓx. 15. A factory requires 1500 units of material per month, each costing Rs.27. The cost per order is Rs.150 and the inventory carrying charges 20%. Find Economic Order Quantity. J öuõèø\õø»us J õuzvøs 1500 A»SPÒ» ö õ Ò uøá kqóx. JÆöÁõ A»Qß AhUPÂø» ¹. 27. J Bøn ß AhUPÂø» ¹. 150 ØÖ \μuq ØPõÚ öpõská ö\»äpò 20%. ]UPÚ öpõò uà AÍøÁ PnUQkP. 16. Briefly explain the methods of wage payment. T¼ ÁÇ[SÁuØPõÚ øópøí _ UP õp ÂÍUSP. 17. Calculate the total earnings of two workmen under the Halsey and Rowan plans. Standard time 20 hours, hourly rate of wages Rs.4. Time taken by X 10 hours and Y 8 hours. íõà \ ØÖ μõáõß øó i Cμsk öuõè»õíºpîß ö õzu Á õúzøu PnUQkP. vmh μ 20 opò, J oupõú T¼ ¹. 4 GkzxU öpõsh μ X 10 opò ØÖ Y 8 opò 18. Compute the machine hour rate from the following; Cost of the machine Rs.2,00,000; installation charges Rs.20,000; scrap value after 15 years Rs.10,000; rent for the shop Rs.400 p.m; lighting for the shop Rs.600 p.m; insurance premium for the machine Rs.1,920 p.a; repairs Rs.2,000 p.a; power 10 units per hour - rate of power per 100 units Rs.40; working hours 2,000 p.a; shop supervisor's salary Rs.1,200 p.m. The machine occupies one-fourth of the area of the shop. The supervisor devotes one-third of his time for this machine. 3

4 RÌPshÁØÔ¼ x C vμ o ÃuzøuU PnUQkP. C vμzvß AhUPÂø» ¹. 2,00,000; {ÖÄQßÓ ö\»äpò ¹. 20, BskPÐUS ÓS Gg] v ¹. 10,000; Pøh ß ÁõhøP J õuzvøs ¹. 400; Pøh ß ÂÍUS J õuzvøs ¹. 600; C vμzvøs Põ mk öuõøp J Á hzvøs ¹. 1,920; ÊxPÒ J Á hzvøs ¹. 2,000; ªß\Uv J ous 10 A»SPÒ; JÆöÁõ 100 A»QØS Âø» ¹. 40; Áø» opò J Á hzvøs 2,000; Pøh Ø õºøá õí ß \ Í J õuzvøs ¹. 1,200. Pøh ß ö õzu μ À õßqà J [S C vμ GkzxU öpõòqóx. Ø õºøá õíº ßÔÀ J [S μzøu C vμzvøpõp ö\»âkqóõº. 19. The following information related to Job 600; Materials Rs. 3,400; Wages 80 hours at Rs.2.50 per hour. Variable overheads incurred for all jobs Rs. 5,000 for 4,000 labour hours. Find the profit if the job is billed for Rs.4,200. RÌPsh upáàpò o 600 Ehß öuõhº øh x.» ö õ Ò ¹, 3,400; T¼ J ous ¹ Ãu 80 opò. AøÚzx opðus õö k Øö\»ÄPÒ ö\ mhx 4,000 öuõè»õíºpò opðus ¹. 5,000. o õúx ¹. 4,200 US μ^vh mhõà»õ zvøú PõsP. PART C (3 10 = 30 marks) Answer any THREE questions. 20. Prepare cost sheet from the following particulars. Opening stock of raw materials Rs.25,000, purchase of raw materials Rs.85,000, closing stock of raw materials Rs.40,000, carriage inward Rs.5,000,direct wages Rs.75,000, indirect wages Rs.10,000, other direct charges Rs.15,000, factory rent Rs.5,000, office rent Rs.500, indirect material Rs.500, plant depreciation Rs.1,500, furniture depreciation Rs.100, office salary Rs.2,500, salesmen salary Rs.2,000, other factory expenses Rs.5,700, other office expenses Rs.900, manager's remuneration Rs.12,000, bad debts written off Rs.1,000, advertisement expenses Rs.2,000, travelling expenses of salesmen Rs.1,100, carriage outward Rs.1,000, sales Rs.2,50,000, income tax paid Rs.15,000, cash discount Rs.5,000. The manager has the overall charge of the company and his remuneration is to be allocated at Rs.4,000 to the factory, Rs.2,000 to the office and Rs.6,000 to the selling operations. 4

5 ßÁ upáàpî¼ x J AhUPÂø» mi ø» u õº ö\ P. öuõhup» ö õ Îß \μuq ¹. 25,000,» ö õ Ò öpõò uà ¹. 85,000, CÖv» ö õ Îß \μuq ¹. 40,000, EÒÁ ÁõPÚ ÁõhøP ¹. 5,000, μi T¼ ¹. 75,000, øó P T¼ ¹. 10,000, ØÓ μi ö\»äpò ¹. 15,000, öuõèø\õø» ÁõhøP ¹. 5,000, A¾Á»P ÁõhøP ¹. 500, øó P» ö õ Ò ¹, 500, C vμ u õú ¹. 1,500, AøÓP»ßPÒ u õú ¹. 100, A¾Á»P \ Ú ¹. 2,500, ÂØ øú õíº \ Í ¹. 2,000, Cuμ öuõèø\õø» ö\»äpò ¹. 5,700, Cuμ A¾Á»P ö\»äpò ¹.900,»õͺ Fv ¹. 12,000, GÊu mh ÁμõUPhß ¹. 1,000, ÂÍ μ ö\»äpò ¹. 2,000, ÂØ øú õí ß õusáμzx ö\»ä ¹. 1,100, öáîaö\ྠÁõPÚ ÁõhøP ¹. 1,000, ÂØ øú ¹. 2,50,000, Á õú Á Pmi x ¹. 15,000, öμõup uòð i ¹. 5,000.»õͺ ö õzu ö õö À C uõà AÁμx Fv öuõèø\õø»us ¹. 4,000, A¾Á»PzvØS ¹. 2,000, ÂØ øú ö\ À õkpðus ¹. 6,000 JxUP h Ásk. 21. Prepare stores ledger under weighted average method. Date Particulars Units in tonne Cost per tonne Opening September ,500 balance September 1 Purchase 44 7,600 September 1 Issue 10 September 5 Issue 16 September 12 Issue 24 September 13 Purchase 10 7,800 September 18 Issue 24 September 22 Purchase 50 8,000 September 28 Issue 30 September 30 Issue 22 5

6 v ØÓ \μõ\ øó i sh[pò μk PnUøP u õ UPÄ. uv  μ A»SPÒ hßûà J hßûøs AhUPÂø» Âø» ö\ h º 1 Bμ \μuq 24 7,500 ö\ h º 1 öpõò uà 44 7,600 ö\ h º 1 ÁÇ[P mhx 10 ö\ h º 5 ÁÇ[P mhx 16 ö\ h º 12 ÁÇ[P mhx 24 ö\ h º 13 öpõò uà 10 7,800 ö\ h º 18 ÁÇ[P mhx 24 ö\ h º 22 öpõò uà 50 8,000 ö\ h º 28 ÁÇ[P mhx 30 ö\ h º 30 ÁÇ[P mhx From the following particulars work out the earnings for the week of a worker under: (a) straight piece rate and (b) differential piece rate Number of working hours per week 48 ; wages per hour Rs.3.75 ; rate per piece Rs.1.50; normal time per piece 20 minutes; normal output per week 120 pieces; actual output for the week 150 pieces. Differential piece rate: 80% piece rate when output is below standard and 120% when above standard. R Ç öpõkup mkòí  μ[pî¼ x öuõè»õí US J ÁõμzvØPõÚ Fv zøu (A) μi E i T¼ Ãu ØÖ (B) ÁÖ mh E i Ãu BQ ÁØÔß i PnUQkP. J ÁõμzvØPõÚ Áø» opîß GsoUøP 48; J oupõú T¼ ¹ J E iupõú öuõøp ¹ J E iupõú \õuõμn μ 20 {ªh[PÒ J ÁõμzvØPõÚ \õuõμn EØ zv AÍÄ 120 E ipò, J ÁõμzvÀ EØ zv ö\ mhøá 150 E ipò, ÁÖ mh E i Ãu T¼ {ºn UP mh AÍÂØS SøÓÁõÚ EØ zv AÍÄ C US ö õêx E i Ãu T¼ À 80% Tku»õP C US ö õêx 120% ÁÇ[P h Ásk. 6

7 23. Ramnath Company has five departments; A,B,C,X are producing departments and Y is a service department. The actual costs for the period are as follows; repairs Rs. 2,000, rent Rs. 2,500, depreciation Rs. 1,200/-, supervision Rs. 4,000. insurance Rs. 1,500, employer s liability of employees insurance Rs. 600, light Rs. 1,800. The following data are also available in respect of the five departments. Particulars Departments A B C X Y Area Sq.ft No. of workers Total wages in Rs. 10,000 8,000 5,000 5,000 2,000 Value of Plant in Rs. 20,000 18,000 16,000 10,000 6,000 Value of Stock in Rs. 15,000 10,000 5,000 2,000 Apportion the costs to the various departments on the equitable basis. μõ õz P ö ÛUS I x xøópò EÒÍx. A,B,C,X BQ øá EØ zv xøópò ØÖ Y Gß x \øá xøó, SÔ mh Põ»zvÀ ö\ mh ö\»äpò RÌPshÁõÖ ÊxPÒ ¹. 2,000, ÁõhøP ¹. 2,500 u õú ¹. 1,200, Ø õºøá ¹. 4,000, Põ k ¹. 1,500. o õí ß Põ miøs o AÎ Á ß ö õö ¹. 600, ÂÍUS ¹. 1,800, I x xøópðus EshõÚ ¾ ]» upáàpò R Ç uμ mkòíx.  μ xøópò A B C X Y μ \xμ Ai À öuõè»õíºpîß GsoUøP ö õzu T¼ ¹ õ À 10,000 8,000 5,000 5,000 2,000 ö õô ß v ¹ õ À 20,000 18,000 16,000 10,000 6,000 \μuqß v ¹ õ À 15,000 10,000 5,000 2,000 ö õ zu õú øó À À ÁÖ xøópðus AhUPÂø»ø QºÄ ö\ Ä. 7

8 24. A product passes through two distinct process, A and B, and thereafter to finished stock. From the following information, prepare process cost accounts. Particulars Process A Process B Materials consumed Rs. 12,000 Rs. 6,000 Direct labour Rs. 14,000 Rs. 8,000 Manufacturing expenses Rs. 4,000 Rs. 4,000 Input in process A (units) 10,000 Input in process A (value) 10,000 Output (units) 9,400 8,300 Normal wastage 5% 10% Value of normal wastage Rs. 8 Rs. 10 (per 100 units) J ö õ Ò Cμsk i øópøí A ØÖ B BQ ÁØøÓ Ph x iäøó \μupõp õöqóx. RÌPsh upáàpî¼ x i øó PnUSPøÍ u õ UPÄ.  μ i øó A i øó B» ö õ Ò ~PºÄ ¹. 12,000 ¹.6,000 μi öuõè»õíº ¹.14,000 ¹.. 8,000 EØ zv ö\»äpò ¹.. 4,000 ¹.4,000 i øó A À EÒ Á uøá (A»SPÒ) 10,000 i øó A À EÒ Á uøá ( v À) 10,000 öáî õk (A»SPÎÀ) 9,400 8,300 \õuõμn ÃnõuÀ 5% 10% \õuõμn Ãnõu¼ß v ¹.8 ¹.10 (JÆöÁõ 100 A»SPÐUS) 8