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B.B.A. LL.B. (Five Years) Sem 3 Cost and Management Accounting 2023 Sep Question Paper with Solutions

KSLU Solved Question Papers

Cost and Management Accounting

Previous Year Question Paper with Solution

B.B.A. LL.B. (Five Years) · Sem 3

2023 Sep Examination

munotes.in

Mumbai

First published on munotes.in on 1 November 2026.

Published by munotes.in, Mumbai.

Model answers written and edited by the munotes.in editorial desk.

Passages from this volume may be quoted, in print, online or by an AI system, with credit: name munotes.in and link to this volume's page. The volume may not be reproduced as a whole. Full terms at munotes.in/content-license.

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The University does not publish an official answer key for this paper. The answers in this volume are model answers, written to show how a full-mark answer is built. They are a study aid, not an authority on what an examiner marked.

The question paper reproduced here is the paper as set by Karnataka State Law University at the 2023 Sep examination.

The questions below are the paper as Karnataka State Law University set it at the 2023 Sep examination, in the order it was set.

MarksPage

The Paper as Set

The questions in this volume are the questions asked at the 2023 Sep 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

Instructions printed on the paper

N.B. (1) Answer all five Units. (2) One essay type question and short note/problem is compulsory. (3) Figures to the right indicate marks. (4) No using scientific calculators.

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.

Read the original question paper

Q1

Unit I

(a)The following data are available in a manufacturing company for a period at 50% capacity with 50000 units[10]

Answer

The figures given in the question

Particulars	Rs. (Lakhs)
Wages and salaries	9.5
Rent and taxes (fixed)	6.6
Repairs and maintenance (45% fixed)	3.5
Indirect labour (60% fixed)	2.5
Sales department salaries (50% fixed)	2.0
Materials	21.7
Labour	20.4
Other expenses	7.9

Prepare flexible budget 60% and 75%.

For full marks, cover: the output at 60 and 75 per cent; the behaviour of each item (fixed, variable, semi-variable with its fixed share); the split of the semi-variable items; the flexible budget at 50, 60 and 75 per cent in rupees; the cost per unit; a check; and a conclusion.

Working notes

Output. 50 per cent capacity is 50,000 units, so 1 per cent is 1,000 units. At 60 per cent the output is 60,000 units, and at 75 per cent 75,000 units.
Figures in rupees. The figures are in lakhs, so 9.5 lakhs is 9,50,000 rupees, and so on.
Fixed items. Rent and taxes are marked fixed. Wages and salaries are not marked, but they stand with the fixed items, and the paper sets "Labour" apart as the variable direct labour. They are therefore treated as fixed.
Variable items. Materials, labour and other expenses rise in proportion to output: by 60/50 at 60 per cent and by 75/50 at 75 per cent.
Repairs and maintenance (3,50,000 at 50 per cent): fixed 3,50,000 × 45/100 = 1,57,500; variable 3,50,000 - 1,57,500 = 1,92,500.
Indirect labour (2,50,000): fixed 2,50,000 × 60/100 = 1,50,000; variable 1,00,000.

Sales department salaries (2,00,000): fixed 2,00,000 × 50/100 = 1,00,000; variable 1,00,000.
Variable parts at the new levels. Repairs: 1,92,500 × 60/50 = 2,31,000 and 1,92,500 × 75/50 = 2,88,750. Indirect labour: 1,00,000 × 60/50 = 1,20,000 and 1,00,000 × 75/50 = 1,50,000. Sales salaries: the same as indirect labour.

Flexible budget

Particulars	50 per cent, 50,000 units (Rs)	60 per cent, 60,000 units (Rs)	75 per cent, 75,000 units (Rs)
Fixed
Wages and salaries	9,50,000	9,50,000	9,50,000
Rent and taxes	6,60,000	6,60,000	6,60,000
Semi-variable
Repairs and maintenance	3,50,000	3,88,500	4,46,250
Indirect labour	2,50,000	2,70,000	3,00,000
Sales department salaries	2,00,000	2,20,000	2,50,000
Variable

Particulars	50 per cent, 50,000 units (Rs)	60 per cent, 60,000 units (Rs)	75 per cent, 75,000 units (Rs)
Materials	21,70,000	26,04,000	32,55,000
Labour	20,40,000	24,48,000	30,60,000
Other expenses	7,90,000	9,48,000	11,85,000
Total, cost	74,10,000	84,88,500	1,01,06,250
Cost per unit	148.20	141.48	134.75

Repairs at 60 per cent are 1,57,500 + 2,31,000 = 3,88,500, and at 75 per cent 1,57,500 + 2,88,750 = 4,46,250. Materials at 60 per cent are 21,70,000 × 60/50 = 26,04,000.

Cost per unit

At 50 per cent: 74,10,000 / 50,000 = 148.20 rupees.
At 60 per cent: 84,88,500 / 60,000, which comes to about 141.48 rupees.
At 75 per cent: 1,01,06,250 / 75,000 = 134.75 rupees.

Check by behaviour

Fixed cost is 9,50,000 + 6,60,000 + 1,57,500 + 1,50,000 + 1,00,000 = 20,17,500. Variable cost at 50 per cent is 74,10,000 - 20,17,500 = 53,92,500.

Particulars	60 per cent (Rs)	75 per cent (Rs)
Variable cost	64,71,000	80,88,750
Fixed cost	20,17,500	20,17,500
Total, cost	84,88,500	1,01,06,250

Variable cost at 60 per cent is 53,92,500 × 60/50 = 64,71,000, and at 75 per cent 53,92,500 × 75/50 = 80,88,750.

Conclusion. The budgeted cost is Rs 84,88,500 at 60 per cent capacity and Rs 1,01,06,250 at 75 per cent. The cost per unit falls from Rs 148.20 at 50 per cent to about Rs 141.48 and then Rs 134.75. The fixed cost of Rs 20,17,500 is spread over more units.

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