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B.Com. LL.B. (Five Years) Sem 3 Cost Accounting 2026 Jan Question Paper with Solutions

KSLU Solved Question Papers

Cost Accounting

Previous Year Question Paper with Solution

B.Com. LL.B. (Five Years) · Sem 3

2026 Jan Examination

munotes.in

Mumbai

First published on munotes.in on 21 October 2026.

Published by munotes.in, Mumbai.

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

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The question paper reproduced here is the paper as set by Karnataka State Law University at the 2026 Jan examination.

The questions below are the paper as Karnataka State Law University set it at the 2026 Jan examination, in the order it was set.

MarksPage

The Paper as Set

The questions in this volume are the questions asked at the 2026 Jan 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/problems is compulsory from each Unit. (3) Figures to the right indicate marks. (4) Answer should be written in English.

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 particulars of a factory for the year 2022 are given below.[10]

Answer

The figures given in the question

Particulars	Rs.	Particulars	Rs.
Raw materials	3,00,000	Selling overhead	1,12,000
Direct wages	1,68,000	Distribution overhead	70,000
Works overhead	1,50,000	Net profit	1,10,000
Office overhead	1,68,000

In 2023, the expenses incurred on the execution of a work order :

Raw materials Rs. 9,000

Wages Rs. 4,000

What should be the price of these jobs ? The factory recovers factory overheads as a percentage of direct wages and office, selling and distribution overheads as a percentage of works cost, based on cost rates prevailing in the previous year.

For full marks, cover: the cost sheet for 2022 (prime cost, works cost, total cost, sales); the three rates for 2022 (works overhead to direct wages, office, selling and distribution overheads to works cost, and profit); the estimate for the 2023 order at those rates; the price; and a conclusion.

Statement 1: cost sheet for 2022

Particulars	Amount (Rs)
Raw materials	3,00,000
Add: Direct wages	1,68,000
Prime cost	4,68,000
Add: Works overhead	1,50,000
Works cost	6,18,000
Add: Office overhead	1,68,000
Add: Selling overhead	1,12,000
Add: Distribution overhead	70,000
Total, cost of sales	9,68,000

Particulars	Amount (Rs)
Cost of sales	9,68,000
Net profit	1,10,000
Total, sales	10,78,000

Prime cost is 3,00,000 + 1,68,000 = 4,68,000. Works cost is 4,68,000 + 1,50,000 = 6,18,000. Office, selling and distribution overheads together are 1,68,000 + 1,12,000 + 70,000 = 3,50,000, so the cost of sales is 6,18,000 + 3,50,000 = 9,68,000.

Working note 1: the rates of 2022

Works overhead as a percentage of direct wages: 1,50,000 / 1,68,000 × 100 comes to 89.29 per cent. As a fraction it is 1,50,000 / 1,68,000, which reduces to 25/28.
Office, selling and distribution overheads as a percentage of works cost: 3,50,000 / 6,18,000 × 100 comes to 56.63 per cent. As a fraction it is 175/309.
Profit. The profit of 1,10,000 is about 11.36 per cent of the cost of 9,68,000, or about 10.20 per cent of sales of 10,78,000. Either way, the price is the cost × 10,78,000 / 9,68,000, which keeps the same rate of profit.

Statement 2: estimated price of the 2023 order

Particulars	Amount (Rs)
Raw materials	9,000.00
Add: Wages	4,000.00
Prime cost	13,000.00

Particulars	Amount (Rs)
Add: Works overhead, 89.29 per cent of wages	3,571.43
Works cost	16,571.43
Add: Office, selling and distribution overheads, 56.63 per cent of works cost	9,385.11
Total, cost of the order	25,956.54

Particulars	Amount (Rs)
Cost of the order	25,956.54
Profit at the 2022 rate	2,949.61
Total, price of the jobs	28,906.15

Working note 2: the 2023 figures

Works overhead: 4,000 × 25/28 comes to 3,571.43 rupees.
Works cost: 13,000 + 3,571.43 = 16,571.43 rupees.
Office, selling and distribution overheads: 16,571.43 × 175/309 comes to 9,385.11 rupees.
Cost of the order: 16,571.43 + 9,385.11 = 25,956.54 rupees.
Price: 25,956.54 × 10,78,000 / 9,68,000 comes to 28,906.15 rupees, leaving a profit of 28,906.15 - 25,956.54 = 2,949.61 rupees.

Conclusion. In 2022 works overhead was about 89.29 per cent of direct wages, and office, selling and distribution overheads about 56.63 per cent of works cost. Profit was about 11.36 per cent of cost. On these rates the 2023 order costs about Rs 25,956.54, and its price should be about Rs 28,906.15.

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