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of Printed Pages : 15 BCOC-138

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BACHELOR OF COMMERCE

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(GENERAL) [B. COM. (G)]
Term-End Examination

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June, 2024

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BCOC-138 : COST ACCOUNTING

Time : 3 Hours
tG Maximum Marks : 100
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Note : (i) Attempt Section-A and Section-B.
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(ii) Section-A carries 40 marks and Section-

B carries 60 marks.
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(iii) In Section-B Attempt any three

questions. All questions carry equal
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marks.
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Section—A
Note : Attempt all questions.
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1. Define ‘Cost Accounting’. State its main objects.

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2. What are the different methods of costing ?

State the industries to which they can be

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applied. 6+4

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3. Write short notes on any four of the following :

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(a) LIFO Method

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(b) Idle Time en
(c) Halsey Premium Plan

(d) ABC Analysis

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(e) Purchase Requisition

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(f) Joint Product

Section—B
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Note : Attempt any three questions. All questions

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carry equal marks.

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4. From the ahead transactions, prepare a Store

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Ledger Account using FIFO method of material

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1st July 2023 Opening 1000 units

Stock @ ` 40
4th July, 2023 Received 400 units @ ` 42

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6th July, 2023 Issued 1200 units

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8th July, 2023 Received 1600 units @ ` 48

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9th July, 2023 Issued 1000 units

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13th July, 2023 Issued 600 units

24th July, 2023 Received 1000 units @ ` 50

28th July 2023 Issued tG800 units

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5. PQR Co. Ltd. has two production departments
(Spinning and Weaving) and two Service
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Departments (Stores and Time Keeping). 20

The following information is supplied from the
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costing records of the company :

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Rent 4,000
Maintenance 2,400
Depreciation 1,800
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Lighting 400
Insurance 2,000
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Employees contribution to Provident

600
Fund
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Energy 3,600
Supervision 6,000

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Department
Spinn- Weav- Time
Stores
ing ing Keeping
Floor Space

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(sq. ft.) 300 220 180 100

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Numbers of
workers 48 32 24 16

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Total direct

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wage (`) 16,000 12,000 8,000 4,000

Cost of
Machinery (`)

Stock of goods tG
48,000 36,000

30,000 18,000
24,000

12,000
12,000

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Prepare a statement showing apportionment of
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costs to various departments.

6. Computer a machine hour rate for the month of

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December 2022 : 20
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Cost of machine – ` 64,000

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Scrap value – ` 4,000

Effective working hours – 10000

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Repair and maintenance over the life periods of

machines ` 5,000, Standing charges allocated

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this machine ` 1,000 for December 2022 power

consumed by the machine at ` 0.60 per unit,

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` 1,200 per month. The machine consumes

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10 units of power per hour.

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7. Anant Kumar owns a bus which runs between

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Delhi and Chandigarh and back for 10 days in a

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month. This distance between Delhi and
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Chandigarh is 150 kms. The bus competes the
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trip from Delhi and Chandigarh and will be

back on the same day. The bus goes to Agra for

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another 10 days. The distance between Delhi to

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Agra is 120 kilometerers. This trip is completed

on the same day. For the rest of 4 days of its

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operation it runs in the local city. Daily

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distance covered is 40 kms. Calculate the

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charge made by the owner who want to earn

profit 33.33% on the earnings. The information

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is as under : Cost of bus ` 2,40,000; Driver’s

salary ` 10,000 per month, Insurance ` 1,680

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per annum, Depreciation 20% per annum,

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Diesel consumption of 4 kilometre per litre

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costing ` 100 per litre, Toll tax ` 600 per

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annum, lubricant ` 10 per 100 kilometres.

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Repair and maintenance ` 500 per month,
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Permit fee ` 284 per month, Normal capacity 50

persons. The bus generally occupied 90% of the

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capacity when it goes to Chandigarh and 80%

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when it goes to Agra. It is always full when it

runs within city. Passengers tax is 20% of net

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earnings. 20
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8. In course of manufacture, a product passes

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through three distinct processes A, B and C,

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during a four-week period, 1000 units are

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produced and the following information is made

available : 20

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Process Process Process

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A (`) B (`) C (`)
Direct Material 2,000 1,000 ----

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Direct Wages 1,500 700 800

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Direct Expenses 300 100 ----

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Indirect production costs were ` 4,500 and
these are to be apportioned to the process on
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the basis of direct wage cost. Prepare the
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necessary process accounts.

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BCOC-138

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2024

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-138

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(i)
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(ii)
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(a) LIFO

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(b)
(c)
(d)
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(e)
(f)
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(FIFO)
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4,000
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2,400

1,800
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400

2,000

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600

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3,600

6,000

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300 220 180 100

48 32 24 16
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16,000 12,000 8,000 4,000

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48,000 36,000 24,000 12,000

30,000 18,000 12,000 ---
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%

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%

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A, B C
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A B C
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` ` `

2,000 1,000 ----

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1,500 700 800

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300 100 ----

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BCOC–138

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