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BCom TY BCom Sem 6 2022 2023 Apr 2023 COST ACCOUNTING IV Question Paper - Mumbai University | munotes

T.Y.B.COM SEM VI (CHOICE BASED) APR.23 COST ACCOUNTING IV (PD 26 APR.23).pdf
TY BCOM · 1 May 2025

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Older exam Apr 2023 - DIRECT AND INDIRECT TAXATION PAPER II Semester-end · 2022 2023 → Newer exam Apr 2023 - COMPUTER SYSTEMS AND APPLICATIONS PAPER II Semester-end · 2022 2023 →

Questions asked in this paper

  1. Q2 Each question carries 15 marks
  2. Q3 Figures to the right indicate full marks
  3. Q4 Working should form part of answer
  4. Q1 A) Match the Column (Any 8) : 8 marks
    • B) State whether the statements True of False (Rewrite the sentence) (Any 7) : 7
  5. Q1 Excess of actual cost over standard cost is a favorable variance
  6. Q2 Cost incurred in the past is future cost
  7. Q3 Flexible budget is rigid
  8. Q4 Budget manual is budget prepared annually
  9. Q5 Sales manager is responsible for efficient buying
  10. Q7 most profitable sales mix is the one which gives maximum contribution
  11. Q8 Contribution variance is under the control of management
  12. Q9 P/V ratio shows the relationship between contribution & sales
  13. Q10 point operating loss is equal to loss due to shutdown
  14. Q2 The Jayawant Battery Co, furnishes you the following income information : From the above , you are asked to compute the following assuming that the fixed cost the same in both the periods: 15 marks
  15. Q1 Profit Volume Ratio
  16. Q2 Fixed Cost
  17. Q3 Break Even Point in Rs
  18. Q4 Amount of profit or loss when sales are Rs. 6,48,000
  19. Q5 Amount of sales required to earn a profit of Rs. 1,08,000 Following information is available : From the following alternative which sales mixed will bring higher profits
    • a) 250 units of X and 150 units of Y
    • b) 150 units of X and 250 units of Y
    • c) 400 units of X only
    • d) 400 units of Y only
    • e) 200 units of X and 200 units of Y Support your answer with working
  20. Q3 A department company, Gunjal stores attains a sale of Rs.12,00,000 at 80% of its normal capacity and as expenses are given below: (15) General Expenses 2% of Sales Travelling Expenses 2% of Sales Sales Office Expenses 1% of Sales General Expenses 1% of Sales Office Expenses 4% of Sales Draw up flexible administration , selling and distribution costs budget operating at 90% , 100% and 110% of capacity An estimate shows that there is a market for 10,00,000 units of an electric bell. Two big companies, producing this electric bell will probably divide 80% of the market. Among other companies, producing the bell Avadhut Ltd. should get 15% of the total market. 60% of Avadhut sales will probably be evenly divided between the first and the last calendar quarter of the year, with twice as many sales being made in the second quarter as in the third The bell sells for Rs. 30 a unit, with manufacturing costs as follows: Prepare a sales budget for the year showing cost of production and gross profit by calendar quarter Assume no change in the inventory levels during the year
  21. Q4 Calculate material and labour variances form the following data:- For 5 units of product X the standard data are: From the following information about sales, variances: Rate in Rs. Rate in Rs 15 marks
  22. Q5 (A) What is budget? Explain its types. 8 marks
    • (B) Explain Marginal Costing. What are its advantages Marginal Costing? 7
    • (C) Write a note on any Three : 15
  23. Q1 Absorption Costing
  24. Q2 Benefits of Standard Costing
  25. Q3 Condition for budgetary control

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