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    Cost Accounting-I: Instruction To Candidates

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    Kr Ish Na
    The document is the question paper for a Cost Accounting exam with 10 short questions worth 2 marks each (Section A) and 6 long questions worth 10 marks each where students must attempt 4 (Section B). Section A covers topics like costing methods, limitations of financial accounting, material control, bin cards, idle time vs capacity. Section B asks about defining cost accounting and its functions, preparing a cash budget and cost sheet, target costing, and reconciling profit statements. The last question asks to calculate variances given standard and actual material usage and costs to produce a product.

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    Cost Accounting-I: Instruction To Candidates

    Uploaded by

    Kr Ish Na
    23 views2 pages
    The document is the question paper for a Cost Accounting exam with 10 short questions worth 2 marks each (Section A) and 6 long questions worth 10 marks each where students must attempt 4 (Section B). Section A covers topics like costing methods, limitations of financial accounting, material control, bin cards, idle time vs capacity. Section B asks about defining cost accounting and its functions, preparing a cash budget and cost sheet, target costing, and reconciling profit statements. The last question asks to calculate variances given standard and actual material usage and costs to produce a product.

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    this is a question paper

    Original Title

    CA1(4th)May2015

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    The document is the question paper for a Cost Accounting exam with 10 short questions worth 2 marks each (Section A) and 6 long questions worth 10 marks each where students must attempt 4 (Section B). Section A covers topics like costing methods, limitations of financial accounting, material control, bin cards, idle time vs capacity. Section B asks about defining cost accounting and its functions, preparing a cash budget and cost sheet, target costing, and reconciling profit statements. The last question asks to calculate variances given standard and actual material usage and costs to produce a product.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    23 views2 pages

    Cost Accounting-I: Instruction To Candidates

    Uploaded by

    Kr Ish Na
    The document is the question paper for a Cost Accounting exam with 10 short questions worth 2 marks each (Section A) and 6 long questions worth 10 marks each where students must attempt 4 (Section B). Section A covers topics like costing methods, limitations of financial accounting, material control, bin cards, idle time vs capacity. Section B asks about defining cost accounting and its functions, preparing a cash budget and cost sheet, target costing, and reconciling profit statements. The last question asks to calculate variances given standard and actual material usage and costs to produce a product.

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    You are on page 1of 2

    Roll No. Total No.

    of Pages : 02
    Total No. of Questions : 07
    B.Com (2011 & Onwards) (Sem.4)
    COST ACCOUNTING-I
    Subject Code : BCOP-403
    Paper ID : [B1142]
    Time : 3 Hrs. Max. Marks : 60

    INSTRUCTION TO CANDIDATES :

    m
    1. SECTION-A is COMPULSORY consisting of TEN questions carrying T WO marks
    each.
    2.

    o
    SECTION-B contains SIX questions carrying T EN marks each and a student has

    .r c
    to attempt any FOUR questions.

    e
    SECTION-A

    l. Write short notes on :


    p o m
    p a
    a) List methods of costing.

    .r c
    b r
    b) Explain any three limitations of financial accounting.
    c) What is Material Control?
    e
    d) Explain Bin Card.
    e) Distinguish between idle time and idle capacity.
    a p
    f) Write short note on Group Bonus.
    g) Define Overhead.
    h) Write short note on Batch Costing. b rp
    i) Define ABC Costing.
    j) Find out economic order quantity (EOQ) from following particulars :
    Annual Usage 6000 units
    Cost of material per unit Rs. 20
    Coat of placing and receiving one order Rs. 60
    Annual carrying cost of one unit 10% of inventory value

    1|M - 2 2 0 21 (S3)-1173
    SECTION-B

    2. What is Cost Accounting? Discuss its important functions in a business firm.

    3. What is Cash Budget? How is it prepared? Give its advantages.

    4. Define Cost Sheet. How is it prepared? Give its format.

    5. What is Target Costing? Give its features and advantages.

    6. From the following data prepare a reconciliation statement :

    o m Rs.

    .r c
    Profit as per cost accounts 1,45,500

    Work overheads under-recovered 9,500

    e
    Administrative overheads under recovered

    p
    22,750
    m
    a
    Selling overheads over recovered 19,500
    o
    rp
    Over valuation of opening stock in cost accounts 15,000
    .r c
    b
    Over valuation of closing stock in cost accounts 7,500

    p e
    Interest earned during the year
    a 3,750

    Rent received during the year

    Bad debt written off during the year


    b rp 27,000

    9,000

    Preliminary expenses written off during the year 18,000

    7. The standard material required to manufacture one unit of product A is 5 kgs and the
    standard price per kg. of material is Rs. 30. The cost accountants records, however,
    reveal that 16000 kgs of material costing Rs. 5,20,000 were used for producing
    3000 units of product A. Calculate the variances.

    2|M - 2 2 0 21 (S3)-1173

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