B.Com. LL.B. (Five Years) Sem 3 Cost Accounting 2022 Apr Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Explain various steps involved in the installation of Cost Accounting System.
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2. Q1 OR In respect of a factory the following particulars have been extracted for the year 2020.
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3. Q1 (b) Prepare cost sheet from the following information.
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4. Q1 OR Differentiate financial accounting and cost accounting.
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UNIT - II

1. Q2 (a) From the following information prepare a store ledger account under FIFO method.
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2. Q2 OR Briefly explain objectives of material control.
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3. Q2 (b) A Ltd. produces product P. It uses annually 60,000 units of material R costing Rs.10 per unit. Other relevant information are :
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4. Q2 OR Write a short note on Bin card.
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UNIT - III

1. Q3 (a) Explain various steps to reduce the labour turnover.
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2. Q3 OR Explain various methods of remuneration and incentives provided to the employees.
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3. Q3 (b) In a certain week, the time allowed to a worker for job X was 48 hours. He took 30 hours for the job. If the hourly effective rate of earnings of the worker under Rowan plan is Rs. 55, find the normal hourly rate of wages.
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4. Q3 OR The cost accountant of X Ltd. has computed labour turnover rates for the quarter ended 31st March 2020 as 20%,10% and 6% respectively under flux method, replacement method and separation method. If the number of workers replaced during the quarter is 30, find out the number of (1) workers recruited and joined and (2) workers left and discharged.
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UNIT - IV

1. Q4 (a) C Ltd. has three production dept. A,B and C and two service dept. D and E. The following figures are extracted from the records of the company.
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2. Q4 OR Following particulars relate to a manufacturing Company.
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3. Q4 (b) A machine is purchased for each at Rs. 9,200. Its working life is estimated to be 18,000 hours after which its scrap value is estimated at Rs. 200. It is assumed from past experience that :
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4. Q4 OR Write a short note on Absorption of overheads.
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UNIT - V

1. Q5 (a) Draw up a flexible budget for the overhead expenses on the basis of the following data and determine the overhead rate @ 70%, 80% and 90% plant capacity.
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2. Q5 OR Explain the uses of break even analysis and profit volume ratio.
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3. Q5 (b) You are given the following data :
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4. Q5 OR Write a short note on cash budget.
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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.