B.Com. LL.B. (Five Years) Sem 3 Cost Accounting 2025 Jan Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) State the steps involved in the installation of a costing system in a manufacturing company.
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2. Q1 OR The following is an extract of the costing information for the year ended 31st March 2022 :
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3. Q1 (b) Mr. Ganesh provides the following information which is related to the product of his enterprise for the month of December 2020 :
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4. Q1 OR Define cost accounting and explain its objectives.
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UNIT - II

1. Q2 (a) Briefly explain various techniques used for inventory control.
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2. Q2 OR Prepare the stores ledger from the following particulars assuming that the issues of stores priced on FIFO method.
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3. Q2 (b) Write a short note on Economic Order Quantity (EOQ).
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4. Q2 OR From the following information, calculate maximum level, minimum level, reorder level and danger level.
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UNIT - III

1. Q3 (a) Briefly describe the various methods of labour remuneration and also describe any two incentive plans.
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2. Q3 OR Calculate the earnings of a worker from the following information : i) Time Rate Method ii) Halsey plan and iii) Rowan plan.
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3. Q3 (b) Write a short note on overtime time and Idle time.
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4. Q3 OR Write a short note on labour turnover.
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UNIT - IV

1. Q4 (a) From the following particulars, calculate the overhead allocable to production department P and Q. There are two service department S1 and S2.
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2. Q4 OR Define overhead. Mention the different methods of classification of overheads.
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3. Q4 (b) Compute the machine hour rate from the following data :
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4. Q4 OR Write a short note on Absorption of overheads.
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UNIT - V

1. Q5 (a) Prepare a flexible budget for overheads on the basis of the following information. Ascertain the overhead rates at 50%, 60% and 70% capacity.
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2. Q5 OR Define marginal costing. Discuss the importance of marginal costing for business enterprise.
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3. Q5 (b) Write a short note on cash budget.
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4. Q5 OR The sales turnover and profit during two years were as follows :
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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.