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## Tuesday, July 24, 2012

### Dibrugarh University - Cost Accounting 1985

1. What is cost accounting? Why is cost accounting necessary? Explain the relationship between cost & financial accounting.                (5+5+10)
2. Describe in details the procedure of purchasing material from outside.(20)

3. State briefly the different methods of wage payment.              (20)

4. Define standard cost, standard costing & variance analysis. Mention briefly the various cost variances. (12+8)

5. Write short notes on :-(5x4)
a)      Bin card.
b)      ABC analysis.
d)      Abnormal wastage.

6. It has been mentions that the cost standards for material consumption are 40 kg @ Rs10 per kg. Compute the variance when actual are :-(5x4)
a)      48 kg @ Rs10 per kg
b)      40 kg @ Rs12 per kg
c)       48 kg @ Rs12 per kg
d)      36 kg for a total cost of Rs360

7. From the following particulars prepare a statement showing (a) the cost of materials consumed (b) prime cost (c) work cost (d) total cost (e) the percentage of works on cost to productive wages (f) the percentage of general expenses on cost to works cost.    (2X6)
Particulars

Stock of finished goods on 31/12/1983                                                                   72800
Stock of raw materials on 31/12/1983                                                                     33280
Purchase of raw materials                                                                                       759200
Productive wages                                                                                                       516880
Sales of finished goods                                                                                           1539200
Stock of finished goods on 31/12/1984                                                                   78000
Stock of raw materials on 31/12/1984                                                                     35360