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## Tuesday, July 24, 2012

### Dibrugarh University - Cost Accounting 1986

1. Explain the scope of cost accounting. Discuss in detail its advantages & disadvantages.               (4+8+8)

2. Discuss the various elements of cost. Give a few examples of each. Define ‘direct expenditure’ & ‘indirect expenditure’. (7+6+7)
3. What do you mean by Bin card & stores ledger? What are the differences between two? Give specimen of Bin card & Stores ledger. (7+6+7)

4. What is labour turnover? How is it measured? What are its causes? What steps are taken for controlling it? (4+5+5+6)

5. Write short notes on:-

a.    Cost centre.
b.   Idle time.
c.    Weighted average price.
d.   Standard costing.

6. The following figure relate to the costing of a manufacturer of electrics heater for a period of one month ending 31st Dec 85.
Rs.
Finished stock on 1st Dec, 1985                                                             nil
Finished stock on 31st Dec, 1985                                                             20250
Stock of raw materials on 1st Dec, 1985                                                 5000
Stock of raw materials on 31st Dec, 1985                                               3500
Factory wages                                                                                               75000
Indirect charges                                                                                            12500
Carriage inward                                                                                              2500
Materials purchased                                                                                   30000
Sales                                                                                                             112500

The number of heaters manufactured during the month of December was 3000.
a)      Prepare a statement, showing the cost per heater & the profit per heater. And
b)      A statement showing the price to be quoted for 750 heaters & the profit thereon to realize the same percentage of profit as was realized during the month of the December assuming the same conditions. (14+6)

7. Compute the machine hour rate from the following data:-

Cost of machine                                                                                           50000
Installation charges                                                                                     10000
Scrap value of the machine at the end of its life of 10 yrs             5000
Rent of the shop per year                                                                          2500
General lighting of the shop per month                                                 250
Repaired & maintenance for the machine per year                        1500
Insurance premium for the machine per quarter                               300
Supervisor’s salary per month                                                                                    500

The supervisor devotes 1/4th of his time for the machine. The cost of power is Rs10 per 100 units & machine consumes power at the rate of 10 units per hour. Normal working hours of the machine is 1200 per year, but during the year it actually worked for 1000 hours. The machine occupies 1/5th of the floor area of the shop. (20)

8. A company’s product passes through two distinct processes, A & B, & then to finished stocks. It is known from past experience that wastage occurs in the processes as under:-
In process A- 5% of the units entering the process.
In process B- 10% of the units entering the process.
The process costs are:-
 Particulars Process A Process B Materials consumed Wages Manufacturing expenses 6000 7000 2000 3000 4000 2000
10000 units were introduced into the process A costing Rs5000. The outputs were:-
Process A – 9400 units.
Process B – 8300 units.
Prepare process cost accounts showing the cost of the output.  (10x2)