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[This question paper contains 16 printed pages.I
Your Roll No ................
Sr.No.ofQuestionpaper : 7602 H
Unique Paper Code 2412092402
Name of the Paper costAccointing
Name of the Course B.Com. -DSC
Semester IV
Duration : 3 Hours Maximum Marks : 90
Instructions for Candidates
I. Write your Roll No. on the top immediately on receipt of this question paper.
2. Attempt all questions.
3. Parts ofa question should be attempted together.
4. Use of simple calculator is allowed.
5. Answers may be written either in English or Hindi; but the same medium should
be used throughout the paper.
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P.T.O.
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7602
1. (a) "Cost accounting is an important tool in the hands of management" Comment.
Enumerate the essential factors to be considered while instamng a Cost
accounting system.
(9)
a) Differentiate between
(i) Direct and Indirect cost
(ii) Cost of production and cost of sales. (9)
OR
SP Ltd furnishes the.following data relating to manufacturing of a product `MAX'
for the month of July 2023
Item Amount (Rs)
Stock of raw materials:
As on 1-7-2023 65,000
As on 31-7-2023 91,000
Purchase of raw material 45,000
Direct labour charges 64,500
Indirect labour charges 56,400
Carriage inwards 15,600
Other expenses on`purchases 12,500
Carri age outwalds 10,500
Advertising 28,000
Sale of scrap I,500
Office rent and Rates 54,000
Commission on issue of shares 6,000
Goodwill written off 8,000
Transfer to general reserve 10,000
Other direct expenses 15,400
Advance Tax 17,500
Depreciation on :
Plant 22,850
Office fwhture 11,000
Stock of Finished goods as on I-7-2023 66,000
Stock of Finished goods as on 31 -7 2023 54,600
Managers Salary (Manager devoted his time between
Factory and office in the ratio of 20: 80) 48,000
Sales
4,50,000
Prepare a cost sheet for the month of July 2023. (18)
7602
2. Prepare stores Ledger Account from the following transactions of LN Company
Ltd for March 2023 by using Weighted Average method.
March 1 Opening.stock 2,000 units @ Rs.5.00 each
3 Issued 1,500 units to production
4 Received4,500units @Rs.6.00 each
8 Issued I,600 units to production
9 Returned to stores 100 units by production department from the
issue of March 3
16 Received2,400units @Rs.6.50 each
19 Returned to suppliers 200 units out of the quantity received on
Mar4
20 Received 1,000 units @Rs.7.00 each 24 Issued to 1.roduction 2.100
units
27 Received 1,200units @Rs.7.50 each
31 Issued to production 2,800 units
Use rates up to two decimal places. What is the quantity and value of materials
consumed in March 2023. (18)
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7602
(a) Distinguish between time-keeping and time-booking. What are the various
methods of time-keeping and time-booking? Disguss. (9)
(b) From the following particulars calculate employee turnover rate by (i)
Separation method (iioReplacement method and (iii) Flux method.
Number of payroll:
At the beginning of the month 3,500 and at the end of the month 4,000.
During the month 50 workers left,150 were discharged and 560 were
recruited. Of those recruited 50 were recruited due to expansion. (9)
3. The following infomation is available about a transport company, running a fleet
of six buses between two towns 75 kms apart. Seating capacity of each bus is
40 passengers. The following particulars are available for the month of April
2023 :
i,
Wages of drivers, conductors, and cleaners 3,600
Taxation, insurance, etc 2,400
Salaries of office and supervisory staff 1,500
Diesel and other oils 10,320
Depreciation 3'900
Interest on capital 3,000
Repairs and maintenance 1,200
7602 5
The actual passengers carried were 80% of the seating capacity. All the buses
ran on all days of the month. Each bus made one round trip per day. Find out
the cost per passenger-kilometre. ( 18)
OR
Explain the following using examples :
(i) Treatment of under and over-absorption of overheads in cost accounting.
(ii) Treatment of Interest and Finance costs in cost accounting. (18)
4. The contract Ledger of ABC Ltd. shows the following expenditure on account
of a contract on 31st December 2022.
Direct material 20,250
Direct wages 15,500
Stores issued 10,500
Loose tools 2,400
Tractor expenses
Fuel oil, etc. 2,300
Wages of drivers 3.QQQ 5,300
Oth+er direct charges 2,650
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7602
The contract price was {90,000 and the contract took 13 months to complete.
The value of Loose tools and Stores returned at the end of the period were {200
and {3000 respectively. The plant was also returned at the value of €16,000
after charging depreciation at 20%. The value of tractor was {20,000 and the
depreciation was to be charged to the contract @ 15% per arinum. The
administration and office expenses are to be provided at 10% of work cost.
Prepare Contract account and Contractee's account assuming that the amount
due from the contractee was duly received. (18)
OR
(a) Distinguish between (i) Job Costing and Contract costing, (ii) Allocation and
Apportionment of overheads.
(9)
a) What is notional profit and how it is computed in the context of contract
costing. (9)
5. (a) A product passes through two processes. The output of process I becomes
the input of Process 11 and the output of Process 11 is transferred to
warehouse. The quantity of raw materials introduced into Process I is 20,000
kgs at {10 per kg.
7602 7
The cost and output data for the month under review are as under :
Process I Process 11
Direst materi als € 60,000 < 40,000
Direct labour € 40,000 < 30,000
Production overheads € 39,000 € 40,250
Nomad loss 8% 5%
Output € 18,000 { 17,400
Loss realization of { /unit 2.00 3.oo
The company's policy is to fix the selling price of the end product in
such a way as to yield a profit of 20% on selling price. Prepare the
process accounts and find out the selling price per unit of the final
product. ( 18)
OR
(a) What is equivalent production? Explain using an example as to how it is
computed when there is no opening stock. (9)
(b) Swastik Co. maintains separate Cost Books which disclosed a profit of
{60,228 for the year ended March 31, 2023. The net profits disclosed by
financial accounts amounted to {39,520. Upon enquiry, following information
were obtained :
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7602 8
(i) The company made a provision of ¥1,200 for-bad debts.
(ii) Overheads charged to production in Cost Books were {15,000 whereas
actual overhead expenses amounted to {13,864.
(iii) Directors were paid fees amounting to {1,500.
(iv) Installation of a new plant involved an expenditure of {24,000 but it
badnotg6fleintoproductionasyet;Depreciation@5%wasprovided
on the cost of plant.
(v) The company received interest on bank deposit amounting to ¥56; ,land
(vi) It paid Income-tax {18,000.
Prepare a Reconciliation Statement.
(9)
1. (5) "aptararfewha fflfta.vqTq5aptFTqFT in£» fan qENtri aT-Ta
aitiaarfurmcTerrqREqTqmch.iftiivi]TqENtr,fir"qwhqhaiqqwh
Hm szmfin enar *I (9)
7602 9
® (1) vtqer vi erwEqca ai7ia (ii) eaTFT aT.ta aqr iaRT and i fade iani
(9)
an
wh fas a at 2023 Tca i} far 3ana `aca' i* firfu a un iaifar©-a- fa
xp fin a ,
qH thst th
edFT5qFTtEiir:
I -7-2o23 th 65,000
31.7.2023qPr 91,000
RTedqT® 45,000
rmer rm RE 64,500
3tRTer an RT 56,400
3ma5rmorRTrafl 15,600
RTtR3FZTed 12,500
twetTdsrm 10,500
ramp 28,000
fanch 1,500
q5TqtRTfa5"chdi 54,000
drirmedtRa5rm 6,000
en#ed#enang 8,coo
tTTrmtREfitqTrfu 10,coo
GtTRTertm 15,400
wha5T 17,500
qEqFT:
tFT 22,850
5rfutffl 11,000
1-7-2023aaqRqT@ffliEia7 66,000
31-72023qaaqRqTaa5T5is 54,6cO
qana5TatFTG5edck5Trfua5Tei]m2O:8Oi 48,000
-=` 4,50,000
at 2023 TIE a igiv enia tfaaT ir aENtwi (18)
P. I. a .
7602 10
2. rfu an fafa lit wh q5S qT$ 2023 a fir vaqT ffi ae i* RirtlRad
aT-ffi a wh ir enaT fro qiftri
qTa 1 ch arias 2,Oooqpe€.5.00;-qfrRa,
3 chtra7TFTedi}ifr i,5Oo rfu whq# 7rfu,
4 q} 6.00;-wiafriRa 4,5Oo edffi7Tft,
8 ch3EqT5TedI`` far 1,6Oo ed ifflft ist 7rfu,
9 qfr 3 qT5a3]itachTFPr Too Ean ch3errETfa`m}whairmi5{
fin'
16 q} 2,4Oo grs+6.50;-istHamtach.7rfu,
i9 iri 4 rich"tadPrTrfuianS.a 200 Fani} fflTTpech.arfu
a Trf ,
2o chw.oo;-qfrerth,ooo ed"taifl.wh,
24 chEEqTFTeditftr 2,loo rfuwhqff 7rdir,
27 a 7.50;-aft Ha I,200 =q5TFTTomtai# 7riit,
31 qa T5fflTeri* itr 2,800 Ea5THTo wh di 7T@,
a¥=maaenifai5ed5Twhtfty,ffi2o23SenaaPrTRwh@FiaT3itTF
ffl, a, (18 )
7602
(zF) ed-an 3ife ZTFT-gil a fa 3ie aiftri €TIr-EN rfu ETF-gil i*
iaRI as fflT i.7 ed irmi (9)
(RT) FiqrdRqd faqdi a qTrm ziin iR ifl TTOT]T qiftrl
(i) Eqq- fan -
(fi) qia- ian im 3it
(ifi) tFRE faia RT
aft ift in :
" ch gr3rm $ 3 ,500 3ife rfu a rfu a. 4 ,Cool Tan a fro 50 rfe fr
ed wl, 150 rfuch. ch ca a a Tts 3it 560 rfuEa. ch ffi ia5qT iiqri Hffi fan iTq
rfuqff a a 5o EN ch iaen a i5TevT wh fin iTz]i ml (9)
3. viF TRaFT ffi i} rd a iiHrciRqci Gmach 3TaaET €, i@ 75 fi± ¥ a wh. a
ifa ®a rd. 5r aIr qaT wh 3i rfe qH a ae ch evqaT 40 qTfa@. ch €i rfu 2023
a rfu it fir aircirqci farm 3qaesT ¥ :
P.TO.
7602 12
RT, Fife. 3it rfu 5T aan 3,600
i5rm, th, rfe 2 , 400
qrfu dr Ten q,q.e]iRdi i5T aEFT '500
p=
fro 3fr an a@ 10,$20
qquQ,t, 3,900
ca tRm 3POO
- 3it {tl{tllq 1200
a iHtv 7iv qTrfu ffi i} a5} tft erqaT ifiT a0% chi ri rfu i} wh fi@. i ed
ffii TatF aa a rfu faat vaT wi tr fiml rfu qFft-i± ai7ia im irmi
('0)
rfu
Gen 5r wh qREa i=irqrtqti aft atar qrm :
(i) arim arfe ¥ ri ed i% iFF dr fflfaE5 giv rfui
(fi) aiiia arfu a. ai5] dr faa at7ia i7iT rfui (1®)
7602 13
4. 31 frm 2022 aaT giv th i% ffit{Or ca fiTRE ffl giv HiHT (ift act)
r"iarqd en fin a :
RTwh 20250
in qffl@ 15,500
whfin"- 10,500
@ ®t,q,tv] 2,400
RE ffl ed
giv aa, rfei 2,300
RT ffl tan 3m 5,300
8Pl - ire 2 ,650
givT tfr dfro ieo,000 fl 3it giv ch i!r th ti i3 rfu edi wh it 3fa a
dr " $ 3v5{u (" gr) rfu mr (tare ) i5T qF RTar: t2OO 3ir {3000 mi
20% " qu wi ed i} qfE rfu a fl6pOO i# qF R ch am 5r fin 7Tar qTi
3qR t6r RI rae,ooo in air qugia q} giv tR i5% rfu Of tfr er a a7mr enar
whi T€ 3ife qrfu qv wi enia ed ai7ia i5i i0% VEFT fi5en iFTT3r 3i qF wh
or giv rm 3it fflgiv t5T raTen fro qR. fS ctgiv a fa rfu fiife rna
a rfe fl ('8)
P.T.O.
7602
(iir) fiqrtlrtq-tl i} th dr ifty : (9)
(i) an aFTa (ffi qffi) ck en5aeT enTa (ap qffl),
(fi) ed (chqte) a rfe ife faan
(RT) gil (ha) aFT fflr € 3ife giv af7Ta ii wii ¥ RE iTum i#tr ist i5TT@
a, (9)
5. TqT tram a fuch. a ga{aT ai fu I " en3Egz. fu 11 iFT ¥iga i[T enar a ear
fu 11 lit en3zIr at7© ¥ iqFhrfu a ibm a I rfu I a Bs its ITV ed qia ifl
qm ilo rfu fin tft` a a 20,000 ffa ai
qTa dPr rfear ed t} rfu rna Sit 3iFT€T (fflT3zF) fa ga qzfiT{ g. :
rfu(i) thin (ii)
maerrm € 60,000 € 40,000
rmerrm . { 40,000 { 30,000
3maap( ¥ 39,000 € 40,250
iTTrm- 8% 5%
Gma (3msEBE) € 18,000 < 17,400
giv@giv@Fgiv 2.00 3.00
7602 15
an ch an 3fu cETia a farm RI ch 5 a{a a aq 5{n f iaT iaifr gr v{ 20%
iHT RT rna ai rfu ed fro ifty Sire rfu Gang dPr rfu ed iaRT RI aTa
ire, (18 )
Th
(i*)ii7]gancETTancaT€?vzF3€Tg{oTiFTwhediiqaTEqfSiHaq*qPeiEfaT
i@. in 3 a gil iioTaT fa qfr ffl@ £I (9)
(RT) iaTRai7r an 3TFTT-3iaiT ETrTTa rf. di €, fas 31 Th5, 2023 ia HFitiT rf
ia fir {60,228 ffiT am rfu iTqT £1 fath ed. iH{r HZFa iin iiqT 9a aFT
€39,52o rml rfu ed q{ fa± ifflRE rna st :
(i) ffi a ia{ia 5Euff i% idr fl,2oo en menT iin €1
(ri) aFTa gel+ i 3HTET 3erlET i} tr fin TiqT iFq i5OOOO wl iin Tin
an irfe qittifaq, ed 13864 wh ffiT grl
(ffi) fitas+ ch {i,500 iPr th iFT griaFT fin TFTTi
(iv)vaFTFqifachHrmrS€24,Oooi7;TiqqirfuVAafiniadia53tqTFT
i±ffi¥TfifdrTmrmwichanav{5%thi{agrgTarmTfin
"rml
P.T.O.
7602 16
(v) ffi ch ife iFTr rfu t* {56 5T arer "tiT §an; 3ir
(vi) ed evTqa;r flo,ooo lit giaia fui
-fro fro iftyl (9)
(10,000)
