Total No.

of Pages: 4
5622
Register Number:
Name of the Candidate:

B.Com. DEGREE EXAMINATION, MAY 2015

(THIRD YEAR)

(PART – IV)

350: COST ACCOUNTS PAPER – I

(Old Regulations) - [Common with Double Degree]

Time: Three hours Maximum: 100 marks

Answer any FIVE questions. (5  20 = 100)

1. Describe the advantages of Cost Accounting and the objections generally raised
against it.

2. What is material control? What are its objectives?

3. Describe the essentials of a good wage system.

4. Discuss in detail, ‘Primary Apportionment of Overhead’s’.

5. Explain the method and applicability of contract costing.

6. Prepare a cost sheet from the following details

Rs.
Raw Material Consumed 80,000
Wages 20,000
Works expenses are charged at 100% of wages. Office overhead is charged at 25%
on work cost and selling overheads at 10% on works cost.

7. From the particulars given below write up the stores ledger card:
2008 January 1 Opening Stock 1000 Units at Rs. 26 each
5 Purchased 500 Units at Rs. 24.50 each
7 Issued 750 Units
10 Purchased 1500 Units at Rs. 24 each
12 Issued 1100 Units
15 Purchased 1000 Units at Rs. 25 each
17 Issued 500 Units
18 Issued 300 Units
22 Purchased 1500 Units at Rs. 26 each
29 Issued 1500 Units
Adopt the FIFO method of Issue and ascertain the value of the closing stock.
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8. Calculate the earnings of a worker under (A) Halsey Premium Plan and (B)
Rowan Scheme.
Time allowed = 48 hours
Time Taken = 40 hours
Rate per hour = Re.1
.
9. The Modern Co., is divided into four departments. A,B,C are production
department and D is service department the actual costs for a period are as
follows:
Rs.
Rent 1,000
Repairs to plant 600
Depreciation on plant 450
Employer’s liability for insurance 150
Supervision 1,000
Fire Insurance in respect of stock 500
Power 900
Light 120
The following information are available in respect of the 4 departments:
Particulars A B C D
Area (Sq.ft.) 1500 1100 10 5
No. of employees 20 15 10 5
Total Wages (Rs.) 6,000 4,000 3,000 2,000
Value of Plant (Rs.) 24,000 18,000 12,000 6,000
Value of Stock (Rs.) 15,000 9,000 6,000 --
H.P. of Plant 24 18 12 6
Apportion the costs of the various departments on the most equitable basis.

10. The following is the summary of transactions as on 31 st December, 2010,

relating to a special contract completed during the year:
Rs.
Materials bought from the market 1,500
Materials issued from the stores 500
Wages 2,440
Direct Expenses 294
Works on cost – 25% of direct wages
Office on cost – 10% of prime cost
Contract price Rs. 6,000
You are required to prepare a Contract Account keeping in view that materials
returned amounted to Rs. 240.
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5622
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3. xU ey;y Typ Kiwapd; ,d;wpaikahikia tpthp.

4. nkw;bryt[fis Kjd;ik g';fPL bra;tJ gw;wp tpthjpf;ft[k.;

5. xg;ge;j mlf;f tpiy Kiw mjd; Vw;g[lik gw;wp tpsf;fkspf;ft[k.;

6. fPnH bfhLf;fg;gl;Ls;s tpgu';fspypUe;J mlf;ftpiy Fwpg;g[ jahh; bra;f.

%.
cgnahfg;gLj;jg;gl;l _yg; bghUs; 80,000
Typ 20,000
gzpr; bryt[fis 100 % Typ kPJ fzf;fpLf. mYtyf nkw;brytpid 25 %
gzp mlf;fj;jpd; kPJ fzf;fpLf. tpw;gid nkw;brytpid 10 % gz
mlf;fj;jpd; kPJ fzf;fpLf.

7. fPH;fhQk; tpgu';fspypUe;J gz;lf ngnul;L ml;ilia jahhpf;ft[k.;

2008 #dthp 1 Muk;g ruf;fpUg;g[ 1000 myFfs; %. 26 tPjk;
5 bfhs;Kjy; 500 myFfs; %. 24.50 tPjk;
7 tH';fpaJ 750 myFfs;
10 bfhs;Kjy; 1500 myFfs; %. 24 tPjk;
12 tH';fpaJ 1100 myFfs;
15 bfhs;Kjy; 1000 myFfs; %. 25 tPjk;
17 tH';fpaJ 500 myFfs;
18 tH';fpaJ 300 myFfs;
22 bfhs;Kjy; 1500 myFfs; %. 26 tPjk;
29 tH';fpaJ 1500 myFfs;
Kjypy; te;jit Kjypy; fHpe;jit vd;w (FIFO) Kiwapy; ,Wjpr; ruf;fpUg;ig
kjpg;gpLf.

8. gzpahsh; <l;oa Typia (A) Ay;nr gphpkpak; jpll

; k; (B) nuhthd; jpll
; k; _yk;
fzf;fpLf:
xJf;fg;gl;l neuk; = 48 kzpfs;
vLj;Jf;bfhz;l neuk; = 40 kzpfs;
xU kzp neu Typ tPjk; = %.1.00
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5622
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cw;gj;jpj; Jiwfs;/ D nritj; JiwahFk;. cz;ik mlf;fk; fPnH
bfhLf;fg;gl;Ls;sJ.
%.
thlif 1,000
bghwp kPjhd gGJghh;g;g[ 600
bghwpkPjhd nja;khdk; 450
gzpahshpd; fhg;gPL bghWg;g[ 150
nkw;ghh;it 1,000
ruf;fpd; kPJ jPfhg;gPL 500
rf;jp 900
tpsf;Ffs; 120
ehd;F Jiwff;fhd jfty;fs; fPnH cs;sd:
tpgu';fs; A B C D
gug;gst[ rJu mo 1500 1100 10 5
gzpahsh; vz;zpf;if 20 15 10 5
bkhj;jf; Typ (%.) 6,000 4,000 3,000 2,000
,ae;jpuj;jpd; kjpg;g[ (%.) 24,000 18,000 12,000 6,000
ruf;fpd; kjpg;g[ (%.) 15,000 9,000 6,000 --
,ae;jpuj;jpd; Fjpiurf;jp (H.P.) 24 18 12 6
gy;ntW JiwfSf;F MFk; brytpd';fis rhpahd Kiwapy; gphpj;bjLf.

10. 2010/ ork;gh; 31y; Koe;j Mz;ow;fhd rpwg;g[ xg;ge;j mlf;fj;jpw;fhd

eltof;iffs; fPnH bfhLf;fg;gl;Ls;s J:
%.
re;ijapy; bfhs;Kjy; bra;j _yg; bghUs; 1,500
gz;lf rhiyapypUe;J _yg;bghUs; tH';fpaJ 500
Typ 2,440
neuor; bryt[fs; 294
gzp mlf;fkhdJ 25% neuo Typ kPJ
mYtyf mlf;fkhdJ 10% Kjd;ik mlf;fj;jpd; kPJ
xg;ge;j tpiy %. 6/000.
jpUg;gp mDg;gpa _yg; bghUs; %. 240I fUj;jpy; bfhz;L xg;ge;j fzf;fpay;
jahh; bra;f.

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