T.Y.B.Com Exam Paper

Will you provide me the sample Paper of the III year b.com exam of OSMANIA UNIVERSITY ?

[Kiran Chandar]

As you want I am here providing you the sample Paper of the III year b.com exam of OSMANIA UNIVERSITY.

Sample questions :
1. ABC and XYZ companies are manufacturing mobiles. From the following information, prepare a statement of cost and profit per unit sold. There is no opening and closing stocks:
Particulars ABC XYZ
Rs. Rs.
Materials 30,300 1,10,400
Labour 15,500 63,300

Works overheads is charged at 80% on Labour. Office overheads is taken at 15% on works cost. The selling prices are Rs.2500 and Rs.3000 respectively. 100 ABC and 210 XYZ mobiles are manufactured and sold.

2. The material as on 1st September 2010 was 500 units @ Rs. 1 PU. The following purchases and issues were subsequently made, prepare stores ledger account under LIFO/ FIFO:
Purchases Issues

06-09-2010: 200 units @ Rs.1.50 09-09-2010: 100 units
27-09-2010: 700 units @ Rs.1.20 22-09-2010: 200 units
29-09-2010: 500 units @ Rs.1.50 30-09-2010: 300 units

3. In an Engineering company, the standard time for a job is 16 hours and the basic wage is Rs.1 per hour. A bonus scheme is instituted so that every worker is to receive his normal rate for hours actually worked and 50 percent of the hours saved. Material for the job cost was 200 and overheads are charged on the basis of Rs.2 per labour hour. Calculate the wage and effective rate of earning per hour if the job is completed a) in 12 hours and (b) in 14 hours and also ascertain the factory cost of the job.

4. Present the Haslay plan and Rowan plan in the form of a table.

5. Calculate direct labour hour rate from the following:
Total no. of workers - 100, working days in a year - 300, no. of hours per day worked – 8, short and idle time – 5%, factory overheads - Rs.12000, gifts to workers - Rs. 2000.

6. Calculate machine hour rate from the following:
Cost of machine - Rs.20,000, estimated scrap value - Rs. 2,000, average repairs and maintenance per month – Rs. 200, standard charges allocated to machine per month - Rs. 100. effective working life machine - 10000 hours, running time per month - 160 hours, power used by machine - 5 units per hour @ 20 paise per unit.

7. From the following a1, a2, a3 production departments and s1, s2 service departments’ information, prepare overhead analysis:
Production Dept. a1 Rs.1,900
a2 Rs.2,510
a3 Rs.1,730
Service Dept. s1 Rs. 880
s2 Rs. 710
Estimated working hours a1- 1000, a2- 2000, a3 – 3000. Distribute the service dept. expanses by using the following rates:
Dept. a1 a2 a3 s1 s2
s1 30% 40% 20% - 10%
s2 10% 20% 50% 20% -

8. Onida TV company produced 2500 units and sold @ Rs. 10,000 each during the year 2009-10. The details are as follows:
Material - Rs. 25 lakhs, direct wages – Rs.30 lakhs, factory overheads - 20% on wages, office overheads – 10% on factory cost. Ascertain profit or loss.

9. From the following information, prepare a statement of cost:
Sales per the year – Rs.75 lakhs,
inventories( beginning ): finished goods – Rs.1,50,000, working progress- Rs.1,00,000, selling expenses- 10% on sales, administrative expenses- 5 % on sales.

10. The following information is extracted from job ledger in respect of job no. 444:
Material – Rs.5,000, wages – 100 hours @ Rs. 5.00, variable overheads incurred for all jobs Rs. 10,000 for 500 hours. Find the profit if the job is billed for Rs. 12,000.

11. From the following information calculate the cost of the job:
Material- Rs.5,000, wages of A- 100 hours @ Rs. 5.00 per hour, wages of B- 80 hours @ Rs. 7.00, wages of C – 50 hours @ Rs.10.00. Variable overheads – Rs 5.00 per hour, fixed overheads – Rs. 20,000 per 10,000 hours.

12. The following are the expenses on a contract of Rs. 15,00,000 which was commenced on January -2010:
Materials –Rs .3,00,000, wages – Rs.3,20,000, plant –Rs. 50,000, overheads –Rs. 17,000, cash received 31 Dec 2010 was Rs. 5,00,000 being 80% of the work certified. The value of material on hand was Rs. 25,000, the plant depreciated by 20%. Prepare contract account.

13. A product passes through 3 processes. During the March, 2000 month 20,000 units produced with the following expenses:
Particulars A (Rs.) B (Rs.) C (Rs.)
Direct material 15,000 26,000 20,000
Direct wages 50,000 40,000 30,000
Total overhead expenses amounted to Rs. 60,000 which will be distributed on the basis of direct wages. Introduced main raw material in process A worth Rs. 16,000. Prepare process accounts to determine the cost of production.

14. Present the features of marginal costing in the form of a chart.

15. Show the benefits of marginal costing through a table.

16. Prepare break even chart by imaginary figures.

17. Meghana company manufactures a product and it incurred the following expenses:
Total fixed cost – Rs. 20,000, total variable cost- Rs.35,000, total sales - Rs.80,000, unit sold – 20,000. Calculate contribution per unit, break even point, margin of safety and profit.

18. For the last 2 years sales and profits are as follows:
Rs. Rs.
2009 sales 5,00,000 profit – 40,000
2010 sales 6,00,000 profit – 60,000

Calculate P/V ratio, BEP sales, sales to get a profit of Rs. 70,000 . What will be the margin of safety at profit of Rs20,000?

19. For the last 2 years, sales and losses are as follows:
Rs. Rs.
2009 sales 5,00,000 loss – 40,000
2010 sales 6,00,000 loss – 60,000
Calculate P/V ratio, BEP sales.

20. From the following information, prepare a comparative statement for the year 2009 & 2010.
Particulars 2009 (Rs.) 2010 (Rs.)
Sales 6,50,000 8,20,000
Sales returns 15,000 20,000
Selling expenses 1,50,000 2,00,000
General expanses 80,000 1,20,000
Other income 6,500 7,000
Income tax 60,000 65,000.

21. From the following data evaluate the changes in the financial position (Soundness/ weakness) of the company:
Particulars 2009 2010
Rs. Rs
Working capital 3,00,00,000 2,50,00,000
Plants 2,50,00,000 10,00,00,000
Long term debts 1,20,00,000 80,00,000
Non tangible assets 5,00,00,000 3,00,00.000
(take the help of trend ratios).
22. Show a BIN card with imaginary figures.

23. Present the proforma of stores ledger.

24. Prepare bill of materials with imaginary figures.

25. Present the methods of pricing material issues by a store.

26. Show the differences between job costing and Process costing in tabular form.

27. Draw a specimen of material indent form and fill it.

28. Prepare a specimen of purchase order and fill up with imaginary figures.

29. Present the formula for fixing EOQ and indicate each of the symbols used.

30. The average annual consumption of a material is 18,250 units at a price of Rs.36.50 per unit. The storage cost is 20% on an average inventory and the cost of placing an order is Rs.50. How much quantity is to be purchased at a time?

31. Essar Limited produces a product which has a monthly demand of 52,000 units; The product requires a component which is purchased at Rs.15 per unit; For every finished product, 2 units of component are required; The ordering cost is Rs.350 per order and the carrying cost is 12% p.a. Calculate the economic ordering quantity of the component.

32. Specify the formulae of ROWAN plan and HASLEY plan.

33. Show the different types of overheads through a chart.

34. Present the steps in overhead accounting through a diagram.

35. Exhibit different methods of overhead absorption in the form of a chart.

36. Prepare a table showing the basis of distribution of various expenses to departments.

37. Show the differences between process costing and job costing in tabular form.

38. The standard and actual figures of a product are as under:
Material quantity- Standard 50 units and Actual 45 units; Material price per unit-Standard Rs.1.00 and Actual Re.0.80. Calculate material price, usage and cost variances.

39. The standard and actual figures of a firm are as under:
Standard time for the job 1,000 hours; Standard rate per hour Re.0.50
Actual time taken 900 hours; Actual wages paid Rs.360
Compute labour rate, efficiency and cost variances


Here is the attachment of the paper.