BCom TY BCom Sem 6 BCom Sem 6 (2014 2015) April 2015 SemVI Cost Acciunting Question Paper - Mumbai University | munotes

Loading PDF...

Older exam April 2015 - SemVI Cost Acciunting Semester-end · BCom sem 6 (2014 2015) → Newer exam April 2015 - Financial Accounting Semester-end · BCom sem 6 (2014 2015) →

Questions asked in this paper

Note: (1) All questions are compulsory. (2) Figures to the right indicate full marke al

jotted to the question. (3)
Note: (1) All questions are compulsory. (2) Figures to the right indicate full marke al
ae notes should form part of your answer
(1) Select the most appropriate option and rewrite the full (Any Eight)
(I) cost is more than standard cost,
wis @ 21 University Question Papers
Abnormal Lose Unite are equal to
Unite (Normal Loss Units & Output Units) @ the above
Stores Ledger contains a Separate Account of :
of Stores Receipt of Stores @ of Stores @ None of these
of Costing @ A technique of Costing
Similar to Absorption None of the above
quantity is more than input There is reduction in normal loss
Abnormal loss is avoided @ None of the above
(vi) Cost of rectification of detective work is
to P & L account from contract account
Credited to Contract Account Debited to Contract
(vil) The product which has a lower sale value than the main product IS
(vill) Standard Cost is decided for
Labour Overheads Ali the elements
(ix) Contribution is equal to
Sales x Ratio @ the above
(x) money is equal to
Work — Payment received by contractor @ the above
(b) state whether the following statements are True or Faise: (Any Seven)
BEP is the point at which total revenue is equal to total
in Contract Costing, each contract is a Cost Unit
Process cost system is applicable to Paper mills
(lv) accounting Is also called Interlocking
is not used while computing Labour Efficiency Variance
Uncertitied work is valued at cost
(vil) Pools are cost accumulation associated with given
(vill) Tne main purpose of Standard Costing is Cost Control
(ix) Invisible waste has no sale valuo
(2) Balaji Enterprises provic ou the information for the month of 2015 about Process |, &
Coat of Raw Materials per unit ) 15 18 22
Normal Loss (as % of totdl No. of units Input) 4% 6% 8%
Output transterred to Next Process ( %) 70 % 60% =
Output Sold at the end of Process ( %) 30% 4 % 100%
Selling Price Per Unit of the outp sold at the end of the process 32 44 70
next Process at Cost. You are required propare
figures have been from books
Basic Raw Materials at Rs. 10 per kg 25,000 Kgs
Output during the month (Kgs) 24,000 23,200
Direct Wages ) 80 % of Process Materials 70 % of Process Materials 60 % of Process
Other Factory Overheads 80 % of Direct Wages 90 % of Direct Wages of
Normal Loss ( % on input} 3 5 Apr
You are required to prepare Process Accounts. April 2013 for Rs. 10,00, (15 (4)
(3) information relates to a building contract commenced 2014-2015
at at the end 5,000 2.000
Retumed to Stores 2,000 4,00,000
Cash Received trom the Contractee during the
The value of Plant at the end of 2013-14 and 2014-15 was As. 7,000 and Rs. 5,000 resP
Prepare Contract Accounts for the years 2013-14 and
(3) Ltd. obtained two contracts viz. A and B. Contract A commenced on 1st
on December 2014. Following information was extracted from their books for the (15)
Plant issued at commencement 22,50,C00 12,00,000
Direct Materials returned to Stores 14,000
Direct Materials at the site at the end of the period 73,000 54,000
Provide depreciation @ 20% p.a. on the original cost of Plant
Prepare Contract A and Contract B Account for the period ended 31st March 2015
(4) are the balances in Cost Ledger of a Manufacturing Company on 1st April 2014. (15)
Work-in -Progress Ledger Control Account 22,800
You are given the following information for the year ending 31st March, 2015
Purchase of Materials 50,000
Selling and Distribution Expenses 15,400
Material issued to production 47 200
Selling and Distribution Expenses recovered 15,320
Stock of Materials at end 19,800
Stock of Finished Goods at end 14,700
Work-in-Progress at end 24,700

Read from the scan above, so a character or two may differ. The scan is the original.

Report or request

Something wrong on this page? Report it and we will check it against the scan.

Quick Help

No. The full paper opens straight away, with no login and nothing to pay.

Related Resources

BCom Notes BCom Syllabus

Something wrong with this paper? Report it.

Connected Papers

BCom / Ty Bcom · 237 papers

Browse all →

Questions? Email contact@munotes.in

Done!