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

Questions asked in this paper

UNIT - I

1. Q1 (a) Mr. A furnishes the following data relating to the manufacture of a standard product during the month of April 2020.
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2. Q1 OR Briefly explain different classification of cost.
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3. Q1 (b) Write a short note on objectives of cost accounting.
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4. Q1 OR The cost data of Hari Ltd. shows the following :
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UNIT - II

1. Q2 (a) Explain various techniques of Inventory Control.
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2. Q2 OR Following is an extract of receipts and issues, prepare stores ledger A/c using LIFO method :
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3. Q2 (b) Calculate maximum level, minimum level and reordering level from the following data :
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4. Q2 OR Write a short note on Bin Card.
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UNIT - III

1. Q3 (a) Explain the various causes of labour turnover.
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2. Q3 OR What is Idle time ? Explain the causes leading to idle time.
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3. Q3 (b) A worker completes a job in a certain number of hours. The standard time allowed for the job is 10 hours, and the hourly rate of wages is Re. 1. The worker earns at the 50% rate of bonus of Rs. 2 under Halsey Plan. Ascertain his total wages under the Rowan Premium Plan.
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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 10%, 5% and 3% 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 workers recruited and joined and workers left and discharged.
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UNIT - IV

1. Q4 (a) Hari Ltd. has three production dept. P, Q, R and two service dept., S and T. The following figures are extracted from the records of the company :
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2. Q4 OR A company has three Production Departments and two Service Departments and for a period the departmental distribution summary has the following details.
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3. Q4 (b) A machine is purchased for each at Rs. 9,200. Its working life is estimated to be 18000 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) Define marginal costing. Explain the uses of break-even analysis.
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2. Q5 OR For production of 10000 electrical irons, the following are budgeted expenses.
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3. Q5 (b) The sales and total costs for 2 years are as below :
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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.