[This question paper contains 16 printed pages.] Your Roll No. Sr. No. of Question Paper: 3654 J Unique Paper Code 2412092402 Name of the Paper Cost Accounting Name of the Course UGCF B.Com. Semester ay, Maximum Marks : 90 Duration : 3 Hours Instructions for Candidates ff this question paper. 1, Write your Roll No. on the top immediately on receipt o} 2. Attempt all questions. All parts of a question to be attempted together. 4, All questions carry equal marks. Use of simple calculator is allowed. 6. Answers may be written either in English or Hindi; but the same medium should be used throughout the paper. wal 3 few fade wa wer aa & fad A are Re ay Pallter eae I TIT STRAT FHT | 1 2. wat wet S sar afar 3 ower wit nit at var are afare | 4 watt wel Sain war 1 a amuren dager wh a 6. Ra wer a Te vA ar LBA AeA eee Ty Are, Arr MH Te aT MEA GE A BAT vai 1 PTO. @ scanned with OKEN Scanner3654 1. (a) Distinguish between : (i) Direct Material Cost and Indirect Material Cost. (ii) Expired Cost and Unexpired Cost. (iii) Controllable and Uncontrollable Cost. (iv) Relevant Cost and Irrelevant Cost. OR (18) (b) The following is the Trading and Profit & Loss Account of KKB Limited for the year ended 31" March 2024 ; Trading and Profit & Loss Account (for the year ending 31" March, 2024) Particulars Amount Particulars Amount To Opening Stock: By Sales 3,00,000 Material 2,000 | By Opening Stock: Finished Goods 3,000} Material 18,500 To Purchases of Material 1,50,000} Finished Goods To Direct Wages 1,20,000 3,000 To Power 15,500 ‘ To Carriage on Material 2,000 To Royalty 24,000 To cost of Special design 5,000 To Gross Profit od 2,00,000 321,500 S300 To Rent By Gross Profit fd 2 00,0 Ofte 5,000 | By Interest on Loan Aas factory 7,000 | By Sale of S ” To Telephone Expenses 3000 |cou Ph atworks a To Advertisement 7,500 | By Discount Received 2,000 @ scanned with OKEN Scanner3654 To Electricity Office 3,000 Factory 4,500 To Provision of Bad Debts 10,000 To Depreciation on Plant and Machinery 6,000 To Depreciation on Deli Vans 2,000 To Income Tax 12,000 To Salaries 25,000 To donations 7,000 To Establishment Expenses 10,000 To Depreciation on Furniture: Office 2,500 Factory 2,000 To Rent of Warehouse 6,500 To Net Profit 94,000 2,07,000 2,07,000 Ae, You are required to Prepare a Cost Sheet for the ended 31" March, 2024 showing classification of Cost under the different components from the above information after giving due consideration to the following facts : () 60% of Telephone Expenses relate to Office and 40% to Sales Department; (ii) 25% of Salaries relate to Factory, 50% to Office and 25% to Sales Department; (ii) 50% of the Establishment expenses relate to Office and 50% to Sales. the year 2024-25 are as follows : (1s) (a) KB Limited is the manufacturer of the tubes. Details of its operations during PTO. @ scanned with OKEN Scanner3684 Rs. 100 per order Ordering Cost Ra, 100 a per annuum Inventory carrying cost 20% per a Cost per tubes Minimum usage 50 tubes per week / Maximum Usage "| 200 tubes per week Normal Usage 100 tubes per week Annual Consumption 5200 tubes Lead time to supply You are required to find out following information : (i) Econom ¢ order quantity, (i) Ithe supplier is ready to supply the re quired quarterly consumption of units ata discount of Rs. 5 per unit, is it worth accepting? (ili) Re-order level, (v) Maximum level of stock (V) Minimum level of stock (vi) Average level of stock, (18) * spoilage, scrap, related examples, (9) @ scanned with OKEN Scanner3654 5 (©) The following information relates to the personnel department of a factory for the month of April, 2025 ‘Numbers of workers at the beginning of the month 190 ‘Numbers of workers who quit the factory in the month 02 ‘Numbers of workers who discharged in the month 06 Numbers of workers engaged in the month 28 (Including 24 on account of expansion scheme). Calculate Labour Turnover Rates and Equivalent Annual rate of Labour Turover. (9) 3. (a) Calculate Machine Hour Rate from the following particulars : Cost of Machine Rs 20,000 Estimated 15,000 hours Estimated scrap Value Rs 500 ‘Estimated working hours per annum 7,000 Estimated hours required for maintenance etc. 200 Setting-up time 5% to be treated as productive time Power per hour 20 units @7 paise per unit, No power is consumed during maintenance and setting-up time. Cost of repair and maintenance per annum Rs 1,500 ‘Number of operators (looking after 3 other Machines also) 2 ‘Wages per operator per month Rs 150 ‘Chemicals required for operating the machine (per month) Rs 100 ‘Overhead chargeable to the machine (per month) Rs 200 Tnsurance premium (per annum) 1% of the cost of machine, (18) PLO. @ scanned with OKEN Scanner3654 6 OR ariable and i in fixed, vi (b) Define “Overheads.” Give their classification and explain " semi-variable overheads in detail. G 7 0 explain their (©) Explain different method of absorption of overheads. Als (12) relative advantages and disadvantages. 4. (a) A product passes through three distinct processes to completion. 10,000 units were introduced (Valued at Rs. 50,000) in process Following expenses were incurred : ProcessP | Process Q Process R “Machine Expenses Rs. 5,000 | Rs. 4,000 Rs, 3,000 Labour Rs. 20,000 | Rs. 30,000 | Rs. 25,000 Direct Expenses Rs. 11,000 | Rs, 16,400 | Rs. 4,600 Normal Wastage 3% 10% 3% Scrap Value per unit Rs. 1.00 | Rs. 2.00 Rs. 2.50 ‘Actual output 9,000 units [8,000 units | 7,700 units Prepare Process Accounts showing the cost of output and the cost per unit at each stage of manufacture along with Normal Wastage Account, Abnormal Wastage Account and Abnormal Effective Account, (8) OR @ scanned with OKEN Scanner1 | | | 3654 (b) Explain Job costing as a method of costing, Also state the industries where it can be used with the help of examples. ) (© Giving your views regarding justification in charging profit on incomplete contract, explain the methods of charging profit of incomplete contract. (9) 5. (a) The following information relates to a truck of 5 tonnes capacity : Cost of Truck Rs. 2,00,000 Estimated Life 10 Years Tnsurance Rs. 4,800 per year Road Tax Rs. 2,400 per year Cleaner’s wages Rs. 250 per month Driver's wages Rs. 500 per month Supervision Rs, 4,800 per annum Repairs and Maintenance Rs. 500 per month Diesel, Oil ete. Rs. 18 per tip each way One round per day is of 60 kilometers each way. Capacity utilized 100% for outward round and 20% on return round. Average operation 25 days in a month, You are required to find operating Cost per tonne kilometer. ) (b) From the following figures prepare a reconciliation statement : PIO. @ scanned with OKEN Scanner3654 Rs Works overheads under-recovered in cost accounts 10,000 ‘Administrative Overhead recovered in excess in cost accounts 5,000 Deprecation charged in financial records 20,000 Deprecation recovered in cost accounts 24.000 Dividend received but not included in cost accounts 10,000 Obsolescence loss charged financial records 12,000 Income-tax provided in financial records 80,000 Bank interest credited in financial records 2,000 Stores adjustments (credit in financial records) 1,000 Depreciation of stock charged in financial records 12,000 Net Loss as per financial records 4,42,000 ‘Net Loss as per cost accounts 3,50,000 (9) OR (c) What is Integrated Accounting? State its advantages, (6) (4) What do you mean by control accounts under non-integral accounting system? Give their significance. © (e Calculate equivalent production with the help of following details : Units put into process: 60,000 units Opening W. I. P. (70% complete) 5,000 units Closing W. I. P. (60% Complete) 7,500 units There is no loss in process, (6) @ scanned with OKEN Scanner