B.Com. LL.B. (Five Years) Sem 3 Cost Accounting 2021 Oct Question Paper - KSLU

Questions asked in this paper

1. Q1 (a) Define Cost Accounting. Explain how it is different from Financial Accounting.
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2. Q1 (b) Ascertain prime cost, works cost, cost of production, total cost and profit.
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1. Q2 (a) Calculate prime cost, factory cost, cost of production, cost of sales and profit from the following particulars :
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2. Q2 (b) Explain the objectives of costing.
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1. Q3 (a) Explain material purchase procedure in detail.
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2. Q3 (b) Explain 'Just-in-time' method of inventory control.
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1. Q4 (a) Write up the stores ledger under LIFO method from the following data :
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2. Q4 (b) Find EOQ from the following particulars :
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1. Q5 (a) What is 'labour turnover' ? What are the causes and effects of labour turnover ?
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2. Q5 (b) Explain time keeping.
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1. Q6 (a) Calculate labour turnover as per seperation method, flux method and replacement method from the following data :
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2. Q6 (b) Calculate total earning of the worker under Halsey plan when rate per hour is Rs. 1.5, time allotted for the job is 20 hours, time taken is 15 hours.
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1. Q7 (a) What are overheads ? Explain the classification of overheads.
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2. Q7 (b) What are the various methods of absorption of overheads ?
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1. Q8 (a) ABC Ltd. has 3 production departments P1, P2 and P3 and 2 service departments S1 and S2. The following data is extracted from their records.
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2. Q8 (b) XYZ Ltd. has 3 production departments P1, P2 and P3 and 2 service departments S1 and S2. The expenses as per primary distribution summary is given below :
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1. Q9 (a) Prepare cash budget for the months April, May and June 2017 :
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2. Q9 (b) Explain the advantages of budgeting.
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1. Q10 (a) What are budgets ? What are the different types of budgets ? Explain.
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2. Q10 (b) Prepare a cash budget for the months October, November and December 2016.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.