Cost Accounting Question Paper 2025
(May/June)
Dibrugarh University BCOM 2nd SEM FYUGP NEP Syllabus
COMMERCE (Minor)
The figures in the margin indicate full
marks for the questions
Paper: MINFIN2 (Cost Accounting)
Full Marks: 60 (80 for 2023 Batch)
Time: 2 hours (3 hours for 2023 Batch)
1. (a) Fill in the blanks: (1×4=4)
(i) Costing is a technique of ________.
(ii) ________ method of pricing issues is suitable in case of raising prices.
(iii) Depreciation is a ________ expense.
(iv) ________ costing method is applicable for dairy industry.
(b) Write True or False: (1×4=4)
(i) Two types of idle times are normal and abnormal idle time.
(ii) Cost accounting is useful for ascertaining the profit or loss of a
firm.
(iii) Canteen expenses are apportioned on the basis of number of
workers.
(iv) Service costing is also known as output costing.
2. Write short notes on any three of the following: (4×3=12)
(a) Activity-based costing
(b) Time wage system
(c) Bin Card vs. Stores Ledger
(d) Absorption of overheads
(e) Process losses
3. (a) Define cost accounting. Explain the importance of cost accounting
as a managerial tool. (2+8=10)
OR
(b) Prepare the Cost Sheet to show the total cost of production and cost
per unit of goods manufactured by a company for the month of July 2024. Also
find the cost of sales and profit: (10 Marks)
|
Particulars |
Amount (₹) |
|
Stock of Raw Materials
(01.07.2024) |
3,000 |
|
Raw Materials purchased |
28,000 |
|
Stock of Raw Materials
(31.07.2024) |
4,500 |
|
Manufacturing Wages |
7,000 |
|
Depreciation on Plant |
1,500 |
|
Loss on sale of a part of
Plant |
300 |
|
Factory Rent and Rates |
3,000 |
|
Office Rent |
500 |
|
General Expenses |
400 |
|
Discount on Sales |
300 |
|
Advertisement Expenses
(charged fully) |
600 |
|
Income Tax paid |
2,000 |
|
Sales |
50,000 |
Units produced: 3,000. Stock of
finished goods: 200 units (01.07.2024) and 400 units (31.07.2024). Cost of
opening finished stock: ₹2,800. All opening units were sold during the month.
4. (a) What
is meant by overtime? How should overtime cost be treated in Cost Accounts?
(3+7=10)
OR
(b) From
the details given, calculate: (2.5×4=10)
(i)
Reordering level,
(ii)
Maximum level,
(iii)
Minimum level,
(iv) Danger
level.
Cost of
placing a purchase order: ₹20
Annual
units to be purchased: 5,000
Purchase
price per unit (incl. transport): ₹50
Annual
storage cost per unit: ₹5
Lead time:
Average 10 days, Max 15 days, Min 6 days, Emergency 4 days.
Consumption: Average 15 units/day, Max 20 units/day.
5. (a)
Define cost allocation and cost apportionment. Explain fully the distinction
between them. (2+2+6=10)
OR
(b) Find
the total overheads of production departments charging service departmental
costs using the repeated distribution method: (10 Marks)
|
Particulars |
A
(Prod) |
B
(Prod) |
C
(Prod) |
X
(Serv) |
Y
(Serv) |
|
Primary Dist. Overheads |
₹6,300 |
₹7,400 |
₹4,500 |
₹2,800 |
₹2,000 |
|
Service Dept X % |
40% |
30% |
20% |
— |
10% |
|
Service Dept Y % |
30% |
20% |
30% |
20% |
— |
6. (a) What do you mean by unit costing? In which industry is unit
costing applied? Explain its purposes. (2+3+5=10)
OR
(b) Prepare the Contract Account for the year ending 31st January 2024
from the following: (10 Marks)
M/s XYZ undertook a contract for erecting a sewage treatment plant for
prosperous municipality for a total value of 24 Lakhs. It was estimated that job
would be completed by 31st January 2024. You are asked to prepare
the Contract Account for the year ending on 31st January 2024 from
the following particulars:
a) Materials: ₹3,00,000; Wages: ₹6,00,000; Overheads: ₹1,20,000; Special
Plant: ₹2,00,000.
b) Work certified: ₹16,00,000 (80% received in cash).
c) Materials at site (31.01.2024): ₹40,000.
d) Depreciate plant by 10%.
e) Work uncertified: 5% of materials issued and 6% of wages.
f) Overheads are charged as a percentage of direct wages.
g) Ignore plant depreciation for uncertified work.
Ascertain amount to be transferred to Profit & Loss A/c on the basis
of realised profit.
Additional 20 Marks (For 2023
Batch Only)
7. (a) Explain the classification of costs for the purpose of managerial
decision-making. (10 Marks)
OR
(b) How should overtime cost be treated in Cost Accounts? (10 Marks)
8. (a) What do you mean by fixed overheads? Why are they called burden?
(10 Marks)
OR
(b) Explain the distinguished features of contract costing. (10 Marks)
Also read: DIBRUGARH UNIVERSITY BCOM 2ND SEM QUESTION PAPER
*****
Post a Comment
Kindly give your valuable feedback to improve this website.