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6th May 2015, 02:19 PM
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Methods And Techniques Of Cost Accounting Bangalore University
I am B.Com V sem student at the Bangalore University. I am not good in the Methods and Techniques Of Cost Accounting so my senior told me to solve the previous year question paper to get the passing marks at least. Can you forward me some old question paper of the Bangalore University Methods and Techniques Of Cost Accounting subject?
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#2
11th June 2018, 03:46 PM
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Re: Methods And Techniques Of Cost Accounting Bangalore University
I want the question paper of Methods And Techniques Of Cost Accounting of B.Com Vth Semester of Bangalore University so can you provide me?
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#3
11th June 2018, 03:47 PM
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Re: Methods And Techniques Of Cost Accounting Bangalore University
I am providing you the question paper of Methods And Techniques Of Cost Accounting of B.Com Vth Semester of Bangalore University Bangalore University B.Com Vth Semester Methods And Techniques Of Cost Accounting question paper Time : 3 Hours Max. Marks : 90 Instructions : Answer should be written completely either in Kannada or in English. SECTION - A Answer any ten of the following. Each question carries 2 marks. (10 2=20) 1. a) Define Marginal Cost. b) State any two features of marginal costing. c) Differentiate between cost of goods sold and cost of sales. d) What do you mean by works on cost ? e) How do you calculate realised profit ? f) State any two running expenses in operating costing. g) Differentiate between favourable and unfavourable variance. h) Define Standard Costing. i) State any two objectives of budgetary control. j) Distinguish between fixed and flexible budget. k) What do you mean by internal process profit ? l) What is normal process loss? SECTION - B Answer any five questions. Each question carries 5 marks.(5x5=25) 2. Kumar Transport Limited is running four buses between two towns which are fifty miles apart. Seating capacity of each bus is 40 passengers. Actual passengers carried were 75% of the seating capacity. All the four buses ran on 25 days in the month. Each bus made one round trip per day. Calculate the total passenger kms. covered during the month. 3. From the following particulars calculate material variances : Quantity of materials purchased 3,000 units Value of materials purchased Rs. 9,000 Standard quantity of materials required per ton of output 30 units Standard rate of materials Rs. 2.5 per unit Closing stock of materials 500 units Output during the period 80 tons. 4. Prepare a cost sheet for the following data : Raw materials consumed Rs. 15,000 Direct labour Rs. 9,000 Machine hour worked 900 Machine hour rate Rs. 5 Administrative overhead 20% on works cost Selling overhead Rs. 0.50 per unit Units produced 20,000 Units sold 18,000 at Rs. 4 per unit. 5. In a certain period 500 units of main product are purchased and 400 units are sold at Rs. 50 per unit. The by-product emerging from the main product is sold at Rs. 1000. The total cost of production of 500 unit is Rs. 15,000. Calculate the amount of gross profit after crediting the product value. a) to cost of production b) to cost of sales. 6. Given the following information : Units of output 5,00,000 Total fixed cost Rs. 7,50,000 Variable cost per unit Rs. 2 Selling price per unit Rs. 5 You are required to determine : i) The break even point ii) The profit if 4,00,000 units are sold at Rs. 6 per unit. 7. Write a note on 'Batch Costing'. 8. State the reasons for labour efficiency variances. 9. What are the limitations of budgetary control ? SECTION - C Answer any three questions. Each question carries 15 marks. (3 15=45) 10. The sales and total costs for two years are as below : Year Sales (Rs) Total Costs (Rs.) 2005 10,00,000 10,50,000 2006 14,00,000 12,50,000 Calculate : a) Break Even Point b) P/V Ratio c) Sales required to earn a profit of Rs. 2,00,000 d) Variable costs for two years e) Profit when sales are Rs. 12,00,000. 11. Prepare a cash budget for three months commencing 1st June, when the bank balance was Rs. 1,00,000. Sales Purchases Wages Factory Selling (Rs) (Rs) (RS) Expenses (Rs) Expenses (Rs) April 80,000 41,000 5,600 3,900 10,000 May 76,000 40,000 5,400 4,200 14,000 June 78,000 38,000 5,400 5,100 15,000 July 90,000 37,000 4,800 5,100 17,000 August 95,000 35,000 4,700 6,000 13,000 20% of the sales are on cash basis. Customers are allowed 2 months credit. Suppliers allow one month credit. Lag in payment of wages - 1 month. Lag in payment of factory expenses - 1/2 a month. Lag in payment of selling expenses - 1/4 month. 12. The following information relates to a building contract for Rs. 10,00,000 2005 (Rs.) 2006 (Rs.) Materials issued 3,00,000 84,000 Direct wages 2,30,000 1,05,000 Direct expenses 22,000 10,000 Indirect expenses 6,000 1,400 Work certified 7,50,000 10,00,000 Work uncertified 8,000 Plant issued 14,000 2,000 Materials at site 5,000 7,000 Cash received from contractee 6,00,000 10,00,000 The value of plant at the end of 2005 and 2006 was Rs. 7,000 and Rs. 5,000 respectively. Prepare : i) Contract account ii) Contractee account for two years. 13. A product passes through three processes A,B and C. The normal wastage of each process is as follows : Process A = 3%, B = 5%, C = 8%. Wastage of process A was sold at Rs. 2.50 per unit, that of B at Rs. 5 per unit and that of C at Rs. 10 per unit. 10,000 units were introduced to process A at Rs. 10 per unit, the other expenses were as follows ; Process A (Rs.) B (Rs.) C (Rs.) Sundry materials 10,000 15,000 5,000 Labour 50,000 80,000 65,000 Direct expenses 10,500 11,888 20,000 Actual output (in units) 9,500 9,100 8,100 Prepare process accounts. 14. Usha Company manufactured and sold 1,000 sewing machines in 2006. Following are the particulars obtained from the records of the company : Rs. Cost of materials 80,000 Wages paid 1,20,000 Manufacturing expenses 50,000 Salaries 60,000 Rent, rates and insurance 10,000 Selling expenses 30,000 General expenses 20,000 Sales 4,00,000 The company plans to manufacture 1,200 sewing machines in 2007. You are required to submit a statement showing the price at which machines would be sold so as to show a profit of 10% on the selling price. The following additional information is supplied to you : a) The price of materials will rise by 20% on the previous year's level b) Wages rates will rise by 5% c) Manufacturing expenses will rise in production to the combined cost of materials and wages. d) Selling expenses per unit will remian unchanged. e) Other expenses will remian unaffected by the rise in output. Contact Bangalore University Gnana Bharathi, Teachers Colony, Nagarbhavi, Bengaluru, Karnataka 560056 080 2296 1271 |
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