BCom In Accounting & Finance (BCAF) SEM I 2015 2016 2016 COST ACC Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 varies when output varies increases when output increases
   • d) decreases when output decreases
2. Q2 Am example of fixed cost is:
   • a) Materials consumed
   • c) Wages paid
3. Q2 & classification of costs would classify ‘ office equipment! as a
   • a) Product cost
4. Q6 Administrative expense
   • c) Selling expense 4 stock taking is a part of None of the above The storekeeper should initiate a purchase requisition when reaches
5. Q4 Minirnurn level
   • c) Order level &. Wages sheet is pepared by
6. Q2 sleeping department
7. Q7 to a cost centre those overheads that result solely from the existence of that cost is known as of he following methods of wage payment is most suitable where Of is of importance. Calculate for each
8. Q2 Minimum
9. Q4 Average rom the following cal Q number af be placed cach year Annual consumption of 678 Cost of placing an Rs. 18 Annual carrying cost of ne unit of The following rs have been respect of X Prepare a Stores Ledger ac ount the rece materials issued on the basis af 1) Weighted Avera ze Method and 2) work executed below siandard: of general rate, aie standard 120% of genera! rate: production in Ars of M Pr “ Mr. Anand 600 units. Cc mpute total remuneration Mir. Prakash and
   • (B) Calculate earning of \ orkers A and B unde: Straigh rate system and Differential Piece Rate sy stem from the following Differentials to be appliec are: 80% of the piece rate below the standard Pg B 3000 units per day of 8 hours, time. The weekly wape What will be the per hour Of thar Work for the job = 16 brs. Time taken = 12 hes, st if . ity Plan also Jind out effective rate OF for the month of March 2015 concerning the hias lives A, The actual Costs incurred for the month data is also in respect of the five departments: No of workers 25 20 10 10 : Value of Plant 400000 360000 320000 200000 120000 ; Calculate the costs to the various departments on the most suitable Q-5A} Classify the following expenses (08)
   • i] On the basis of of cost }. Cotton in te <tile industry
10. Q2 Waiter in hotel 3, Rent of Building 4, Wages paid to Mechanic in
    • ii] On the basis of Fi nctions of cost
11. Q1 Show rent
12. Q3 Power fuel
    • B] Explain the cau: of labour turnover Q-5 Write Short Notes 3) (15) 7
13. Q1 Stock levels
14. Q1 Classification of cost on basis of behaviour 3, Functions of time keeping department
15. Q4 Overheads
16. Q5 Functions of stors department

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