KSLU Solved Question Papers
Cost and Management Accounting
Previous Year Question Paper with Solution
B.B.A. LL.B. (Five Years) · Sem 3
2022 Apr Examination
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Mumbai
B.B.A. LL.B. (Five Years) Sem 3 Cost and Management Accounting 2022 Apr Question Paper with Solutions
First published on munotes.in on 1 November 2026.
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The question paper reproduced here is the paper as set by Karnataka State Law University at the 2022 Apr examination.
Contents
The questions below are the paper as Karnataka State Law University set it at the 2022 Apr examination, in the order it was set.
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the 2022 Apr examination, reproduced as Karnataka State Law University set them, in the order it set them. Long reading passages are shortened to their first and last lines and our summary; the original paper prints them in full. Only the answers are ours. See the original question paper.
Duration 3 hours · Total marks 80 · 20 questions answered
How to use this volume
Solve the paper first, under exam conditions and against the clock. Then read the answers here and mark your own. Reading a solution before attempting the question feels productive and teaches very little, because recognising an answer is not the same as being able to write one.
Q1
Unit I
(a)Prepare a flexible budget for production at 80% and 100% activity on the basis of the following information :[10]
Answer
The figures given in the question
| Particulars | |
|---|---|
| Production at 50% capacity | 5000 units |
| Raw materials | ₹ 80 per unit |
| Direct labour | ₹ 50 per unit |
| Direct expenses | ₹ 15 per unit |
| Factory expenses | ₹ 50,000 (50% fixed) |
| Administration expenses | ₹ 60,000 (60% variable) |
For full marks, cover: the output at 80 and 100 per cent; the split of factory and administration expenses into a fixed sum and a variable rate; the flexible budget at 50, 80 and 100 per cent; the cost per unit at each level; a check by the cost formula; and a conclusion.
Working notes
- Output. 50 per cent capacity is 5,000 units, so full capacity is 5,000 × 100/50 = 10,000 units, and 80 per cent is 8,000 units.
- Variable per unit: raw materials 80, direct labour 50 and direct expenses 15 rupees.
- Factory expenses of 50,000 rupees at 50 per cent are half fixed: fixed 50,000 × 50/100 = 25,000. The variable 25,000 is 25,000 / 5,000 = 5 rupees a unit.
- Administration expenses of 60,000 rupees are 60 per cent variable: 60,000 × 60/100 = 36,000, that is 36,000 / 5,000 = 7.20 rupees a unit. The fixed part is 60,000 - 36,000 = 24,000.
- At 80 per cent, factory expenses are 25,000 + 5 × 8,000 = 65,000 and administration 24,000 + 7.20 × 8,000 = 81,600.
- At 100 per cent, factory expenses are 25,000 + 5 × 10,000 = 75,000 and administration 24,000 + 7.20 × 10,000 = 96,000.
Flexible budget
| Particulars | 50 per cent, 5,000 units (Rs) | 80 per cent, 8,000 units (Rs) | 100 per cent, 10,000 units (Rs) |
|---|---|---|---|
| Raw materials | 4,00,000 | 6,40,000 | 8,00,000 |
| Direct labour | 2,50,000 | 4,00,000 | 5,00,000 |
| Direct expenses | 75,000 | 1,20,000 | 1,50,000 |
| Particulars | 50 per cent, 5,000 units (Rs) | 80 per cent, 8,000 units (Rs) | 100 per cent, 10,000 units (Rs) |
|---|---|---|---|
| Factory expenses | 50,000 | 65,000 | 75,000 |
| Administration expenses | 60,000 | 81,600 | 96,000 |
| Total, cost | 8,35,000 | 13,06,600 | 16,21,000 |
| Cost per unit | 167.00 | 163.33 | 162.10 |
Cost per unit
- At 50 per cent: 8,35,000 / 5,000 = 167 rupees.
- At 80 per cent: 13,06,600 / 8,000 comes to about 163.33 rupees.
- At 100 per cent: 16,21,000 / 10,000 = 162.10 rupees.
Check by the cost formula
Variable cost per unit is 80 + 50 + 15 + 5 + 7.20 = 157.20 rupees, and fixed cost is 25,000 + 24,000 = 49,000 rupees.
| Particulars | 80 per cent (Rs) | 100 per cent (Rs) |
|---|---|---|
| Variable cost at Rs 157.20 a unit | 12,57,600 | 15,72,000 |
| Fixed cost | 49,000 | 49,000 |
| Total, cost | 13,06,600 | 16,21,000 |
Conclusion. The flexible budget shows a total cost of Rs 13,06,600 at 80 per cent activity and Rs 16,21,000 at 100 per cent. The cost per unit falls from Rs 167 at 50 per cent to about Rs 163.33 and then Rs 162.10. The fall is small because fixed costs are only Rs 49,000 against a variable cost of Rs 157.20 a unit.
The rest of the answers
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