APRIL 2015 Time : Three hours Maximum : 75 marks PART A (10 2 = 20 marks) Answer any TEN questions each in 30 words. 1. Define the term cost. AhUPÂø» Áøμ Ö. 2. Give any two limitations of cost accounting. AhUPÂø» PnUQ ¼ß SøÓ õkpîà H uý Cμsøh u P. 3. What is prime cost? ußø ö\»ä GßÓõÀ GßÚ? 4. Write a short note on reconciliation. \ PmkuÀ ØÔ ]Ö SÔ u P. 5. What do you mean by ABC analysis? ABC S õ Ä Gß x õx? 6. What is standard price method? {ø» õú Âø» øó GßÓõÀ GßÚ? 7. Give any two merits of time wage system. μ T¼ øó ß ßø PÎÀ H uý Cμsøh u P. 8. What is labour turnover? öuõè»õíº õøöãu Gß x õx? 9. What is absorption of overhead? Øö\»Ä «m GßÓõÀ GßÚ? 10. Define fixed overheads. {ø» õú Øö\»Ä Áøμ Ö 11. Give the formula for EOQ. ]UPÚ öpõò uà Bøn ß `zvμzøu u P. 12. What is flux method? P»øÁ Ãu øó GßÓõÀ GßÚ?
PART B (5 5 = 25 marks) Answer any FIVE questions each in 200 words. 13. What are the objectives of cost accounting? AhUPÂø» PnUQ ¼ß õup[pò õøá? 14. Ascertain the profits as per financial book from the following information : Rs. Profit as per cost accounts 25,000 Closing stock over valued in cost books 12,500 Preliminary expenses written off 3000 Profit on sale of building 30000 Administrative expenses over recovered in cost books 50,375 Works overhead under recovered in cost books 30,375 Bank interest and transfer fee in financial books 5,000 Interest on investment recorded in financial books 10,000 Depreciation shown excess in cost books 4,000 Provision made for income tax 40,000 ßÁ ÂÁμ[PøÍ öpõsk {v{ø» PnUS HmiÀ EÒÍ C»õ zøu PnUQk. ¹. AhUPÂø» PnUQ ¼ß C»õ 25,000 AhUPÂø» HmiÀ AvP õp EÒÍ CÖv \μus 12,500 ußø ö\»ä õuöpêv x 3000 Pmih ÂØ øú «uõú C»õ 30000 AhUPÂø» HmiÀ AvP õp Á`¼UP mh {ºÁõP ö\»ä 50,375 AhUPÂø» HmiÀ SøÓÁõP Á`¼UP mh Áø» Øö\»Ä 30,375 {v{ø» HmiÀ EÒÍ Á[Q Ámi ØÖ õøö Pmhn 5,000 {v{ø» HmiÀ v mkòí u½k «uõú Ámi 10,000 AhUPÂø» HmiÀ AvP õp Põmh mkòí u õú 4,000 Á õú Á JxUS 40,000 2
15. Calculate the economic order quantity from the following particulars : Annual usage 20,000 units Buying cost per order Rs. 10 Cost per unit Rs. 100 Cost of carrying inventory 10% of cost ßÁ ÂÁμ[PøÍ öpõsk ]UPÚ öpõò uà Bøn AÍøÁ PnUQk. Bsk ß õk J BønUPõÚ öpõò uà ¹. 10 ö õ ÐUPõÚ J A»S ¹. 100 \μuq Gkzx ö\ྠö\»ä 10% 20000 A»SPÒ 16. Find out the wage per hour from the following information : Name of the worker : Mr. M. Krishna Wages per year Rs. 2400 Annual bonus 25% of wages Employer s contribution to P.F. 10% of wages Employee s contribution to P.F. 8% of wages Employer s contribution to ES.I. 3% of wages Total leave with pay permitted during the year 60 days Cost of labour welfare amenities Rs. 8,000 No. of workmen 200 Normal idle time 80 hours Working days per annum 320 days of 8 hours. ßÁ ÂÁμ[PøÍ öpõsk J oupõú T¼ø PnUQk. o õí ß ö º : v.. Q ènõ J BskUPõÚ T¼ ¹. 2,400 Bsk FUPzöuõøP T¼ À 25% \» {vus o ºzxÚ ß [PÎ T¼ À 10% \» {vus o õí ß [PÎ T¼ À 8% o õí ß õ{» Põ mkupõú [PÎ T¼ À 3% 3
h õsià AÝ vup mh \ Ízxhß Ti Âk 60 õmpò o õíº»ýupõú öuõøp ¹. 800 o õíºpîß GsoUøP 200 C À õú ÃnõÚ μ 80 opò J õðus 8 opò GÚ BskUPõÚ Áø» õmpò 320. 17. From the data given below, compute machine hour rate : Cost of the machine Rs. 90,000 Installation charges Rs. 10,000 Estimated scrap value Estimated repair charges per year Rs. 1,000 Estimated working life of the machine Nil 10,000 hours Standing charges allocated to the machine per year Rs. 6,000 Estimated working hours per year 2,000 hours Power consumption of the machine is 20 units per hour and the rate of power per 100 units is Rs. 10. ßÁ ÂÁμ[PøÍ öpõsk G vμ o Ãuzøu PnUQk. C vμzvß AhUP Âø» ¹. 90,000 {ÖÄÁuØPõÚ ö\»ä ¹. 10,000 v h mh GÔ v CÀø» BskUPõÚ Êx õº Pmhn ¹. 1,000 v h mh C vμzvß ÁõÌÄ 10,000 opò C vμzvøs JxUQ {ø» ö\»ä BskUS ¹. 6,000 Áø» õmpò BskUS 2,000 opò J ous C vμzvß ªß\õμ ~PºÄ 20 A»SPÒ ØÖ ªß\õμ Ãu J 100 A»SPÎß v ¹. 10. 18. Distinguish between direct labour and indirect labour. μi EøÇ US, øó P EøÇ US EÒÍ ÁÖ õk õx? 19. Write a short note on Bin card and Stores ledger. öpõòp»ß Amøh ØÖ C μk ØÔ SÔ GÊxP. 4
PART C (3 10 = 30 marks) Answer any THREE questions each in 500 words. 20. Describe the classification of cost. AhUP Âø» ß ÁøPPøÍ ÂÁ. 21. From the following figures prepare a reconciliation statement. Rs. Net profit as per financial records 1,28,755 Net profit as per costing records 1,72,400 Works overheads under recovered in cost 3,120 Administrative overhead recovered in excess 1,700 Depreciation charged in financial records 11,200 Depreciation recovered in costing 12,500 Interest received but not included in costing 8,000 Obsolescence loss charged in financial records 5,700 Income tax provided in financial books 40,300 Bank interest credited in financial books 750 Stores adjustments (credit in financial books) 475 Depreciation of stock charged in financial books 6,750 ßÁ ÂÁμ[PøÍ öpõsk \ PmkuÀ AÔUøPø u õº ö\ P : ¹. {v{ø» HmiÀ EÒÍ {Pμ»õ 1,28,755 AhUPÂø» HmiÀ EÒÍ {Pμ»õ 1,72,400 AhUPÂø» HmiÀ SøÓÁõP EÒÍ Áø» Øö\»ÄPÒ 3,120 AvP õp Á`¼UP mh {ºÁõP Øö\»ÄPÒ 1,700 {v{ø» HmiÀ PnUQmh u õú 11,200 AhUPÂø» HmiÀ Á`¼zu u õú 12,500 AhUPÂø» PnUQ ¼À \ºUP hõu ö ØÓ Ámi 8,000 {v{ø» HmiÀ _ zv ÁÇUöPõÈÄ mh 5,700 {v{ø» HmiÀ EÒÍ Á õúá 40,300 {v{ø» HmiÀ ÁμÄ øáup mh Á[Q Ámi 750 C \ PmkuÀPÒ ({v{ø» HmiÀ ÁμÄ) 475 {v{ø» HmiÀ _ zu mh \μuq «uõú u õú 6,750 5
22. Prepare store ledger for the month of March 2010 under weighted average method : Units Value (Rs.) March 1 Balance 300 600 March 2 Purchased 200 440 March 4 Issued 150 March 6 Purchased 200 460 March11 Issued 150 March19 Issued 200 March 22 Purchased 400 960 March 27 Issued 150 õºa 2010&UPõÚ C μmøh {øó mh \μõ\ øó À u õº ö\ P. A»SPÒ v (¹.) õºa 1 C 300 600 õºa 2 öpõò uà 200 440 õºa 4 ÁÇ[Rk 150 õºa 6 öpõò uà 200 460 õºa 11 ÁÇ[Rk 150 õºa 19 ÁÇ[Rk 200 õºa 22 öpõò uà 400 960 õºa 27 ÁÇ[Rk 150 23. What are the two principal system of wage payment? Explain. T¼ ö\¾zx øó ß Cμsk ÂvPÒ õøá? ÂÁ. 6
24. A company has three production departments and two service departments. Overheads distribution summary is as follows : Production Departments : A Rs. 10,000 B Rs. 9,000 C Rs. 12000 Service Departments : X Rs. 6,000 Y Rs. 4,000 The expenses of service departments are charged on a percentage basis as given below : A B C X Y Dept. X 30% 20% 30% 10% Dept. Y 40% 40% 20% Apportion the cost of service departments by using the repeated distribution method. J {ÖÁÚ ßÖ EØ zv xøópð Cμsk \øá xøópøí² öpõskòíx. Auß SÔ mh ö\»äpò ßÁ õö EÒÍx. A ¹. 10,000 B ¹. 9,000 C ¹. 12000 \øá xøó : X ¹. 6,000 Y ¹. 4,000 \øázxøó Auß \øápøí À ÁÖ xøópðus ßÁ øó À u QÓx. A B C X Y xøó X 30% 20% 30% 10% xøó Y 40% 40% 20% \øázxøó Auß Øö\»øÁ v v [Rk ö\ ² øó À GÆÁõÖ Qº uîup kqóx GÚU PõmkP. 7