BCom In Accounting & Finance (BCAF) SEM I 2016 2017 March 2017 COST ACC Question Paper - Mumbai University | munotes

Questions asked in this paper

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1. Q2 Figure at right indicate full Marks
2. Q3 Working should be the part of your answer
3. Q4 U8 of Simple calculator is permitted,
   • A) State whether the following statement is TRUE FALSE and rewrite the sentence (Any 08) 08 also called as re-order quantity
4. Q2 The stock is hand may exceed the maximum stock level,
5. Q3 Overhead are also known as chargeable expenses
6. Q4 Apportionment of overheads is allotment of whole items of cost tocost centers
7. Q5 challan is an evidence of delivery of material
8. Q6 Under FIFO Method, material first are deemed to be issued last allowance is linked with cost of living index
9. Q8 Labour is most important factor of production
10. Q9 Rent is appointed on the floor area occupied,
11. Q10 The function of purchase Department is to produce goods,
    • B) Select correct alternative and rewrite the sentence (Any 7) 07
12. Q1 Depreciation on machine is appointed on the basis of
13. Q2 When prices fluctuated widely, the method that will smooth out the effect of fluctuations is
14. Q3 The process by which cost charged direct to a cost unitis called, 4, Depreciation on machine is appointed on the basis of
15. Q5 The most relevant-use of thé clock card
    • i) to. employee to facilitate payment for the on the work premises of rising prices, the pricing of issues wili be at a more recent current market prices in are recovered as of of designing is & distribution overheads are-absorbed on the basis of
    • i) rate per ii) Percentage on works cost iil) percentage on selling price Any of these ; 10: The method of remuneration togive Stability of labour cost of the employee is AY, 256520582E0790A72C0B21D387BE8DED
    • Q.P. Code :00165
16. Q2 A) Two components A and B are use as follow Normal usage 1500 units per week each Maximum usage 22500 units per week each Minimum usage 750 units per week each Reorder period for : A: 4 to 6 weeks. 2 to 4 weeks Calculate for each component:
17. Q1 Reorder level
18. Q3 Maximum level
19. Q2 A) buys certain equipment from outside suppliers at Rs: 30 per unit. Total annual needs are 1 The following further data are Annual return on investment 10% Cost of placing an order Rs. 50 Determine the economic order quantity
    • B) Determine the EOQ from the following particulars: Cost of material per unit Cost of placing an order Annual carrying cost of one unit: 10% of inventory value
20. Q3 From the following particulars, you are required to work out the earnings ofa worker for a week under:
21. Q1 piece rate,
22. Q2 rate
23. Q4 scheme, Differential piece 80% of piece rate when output below normal and 120 % of piece rate when output abe following particulars, you are required to work out the earnings of a worker under : ON umber of working hours per week :40 ; 80% of piece rate when Output is below standard & 120% when above standard
    • Q.P. Code :00165 E Sea rock Ltd. have 3 production department and 2 service Departments, calculate departmental overhead rate for each of production department assuming the overheads are recoveted-as a percentage of direct wages. 15 The expenses for the period were: the expenses of service department Y according to direct wages & those of service department X in the ratio of 5:3:2 to the production department 0.4. AV department and E. The actual costs incurréd for the month vt February , 2016 are as follows: liability for employees insurance 6,000 ‘The following is respect to the five departments: the cost to the various departments on the equitable basis. Consider stock value as a basis for apportioning
    • Q.P. Code :00165
24. Q5 A) the stock valuation methods in detail
    • B) Explain the remedial measures for labour turnover Qs Write short notes (Any 3)
25. Q2 levels
26. Q5 Functions of stores department

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