BCOC-138: Cost Accounting Important Questions Bank
[IGNOU BCOMG NEP SYLLABUS]
Hi everyone, Welcome to Dynmaic Tutorials & Services 2.0. This important question bank is based on past exam question papers of IGNOU's BCOC-138 (Cost Accounting) paper. These questions have been asked frequently in term-end exams and are organized chapter-wise for better understanding and preparation.
📚 Block 1: Basic Concepts of Cost Accounting
2. Explain the causes of Difference in
profits between cost and financial accounts. Also Differentiate between cost
and financial accounting. Dec 2021,
Dec 2023
4. Define cost unit and cost centre with
examples. (Most important Topics asked regularly)
6. Explain the role and functions of cost accountant. Dec 2024
📦 Block 2: Material Control (Part A)
1. What do you mean by Inventory Control (2017SN)? What are its
objectives (Need)? Explain the essentials of Material Control. Dec 2021, Dec 2024
3. Explain ABC and EOQ technique with
examples. Dec 2024, June 2024
4. Explain
various methods of pricing of material issue together with their respective
merits and demerits.
Or
Discuss FIFO and LIFO methods with suitableexamples. Dec 2024, June 2024, Dec2023, Dec 2021
👷 Block 2: Labour Costing & Labour Turnover (Part B)
1. What is labour turnover? Explain its Causes and what are its remedies? Dec 2024,Dec 2023
2. What are various methods of wage payment? Explain them briefly.
What are the Characteristics of good wage payment method? Dec 2021
3. Define and explain:
- Time wage vs piece wage: merits &
demerits. Dec 2021, Dec 2023
- Time keeping: importance and methods. June 2022, June 2023
🏭 Block 3: Overheads – Classification & Apportionment
2. What do
you mean by allocation and apportionment of overheads to cost centres (2017SN,
2018SN)? What are the bases of overhead apportionment to various departments? Dec
2024, Dec 2023
3. What do you mean by under absorption and over
absorption of Overheads? How do they arise (2015)? How are they treated in cost
accounts?
4. Explain
re-apportionment of service departments. Dec
2023
⚙️ Block 4: Methods of Costing
A. Job & Contract Costing
2. What is
contract costing? What are its features? Explain how profit is determined in
case of an incomplete contract. Dec 2021, Dec
2024
B. Process Costing
2. Explain process costing with examples. Abnormal loss in process costing. Dec 2021, Dec2024
3. Explain Joint Product and By-product
treatment with examples. Dec 2024
C. Operating / Service Costing and Reconciliation Statement
1. What do you mean by service costing or operation costing? In which
industries service costing is applied? Explain its purposes and limitations. June 2023
📝 Short Notes / Concepts
- Fringe Benefits (Dec 2021)
- Integral Accounting (June 2023)
- Purchase Requisition (June 2023, Dec 2023)
- Decentralised Purchasing (June 2023)
- By-product & Joint product (Dec 2021, June 2023)
- Service Costing (Dec 2021, June 2023)
- Purchase Order (Dec 2023)
- Depreciation (Dec 2023)
BCOC 138 Cost Accoounting Complete Question Papers available here
🧮 Practical Questions – Topics & Year
|
Practical
Problems Topic |
Years
in which Asked |
|
Cost Sheet preparation |
Dec 2021 |
|
Store Ledger (FIFO / LIFO) |
Dec 2024, June 2024, June 2023, Dec 2023 |
|
EOQ Calculation |
Dec 2023, Dec 2021 |
|
Material Cost Per Unit |
June 2022 |
|
Labour Cost / Wage Sheet |
Not directly practical Problems given |
|
Apportion overheads between departments |
Dec 2024, June 2024, Dec 2023 |
|
Machine Hour Rate |
Dec 2024, June 2024, Dec 2023 |
|
Operating Costing (Passenger-km / Ton-km) |
Dec 2024, June 2024, Dec 2021 |
|
Contract Costing (Contract Account) |
Dec 2024, June 2023, Dec 2021 |
|
Process Costing (Abnormal Loss, Joint Product) |
Dec 2024, Dec 2023, June 2023 |
|
Reconciliation of Cost & Financial Profit |
Dec 2024 |
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