INFORMATION FOR BLOG READERS

IF YOU WANT SOLVED QUESTION PAPERS OF:
1. DIBRUGARH UNIVERSITY
2. GUWAHATI UNIVERSITY
3. NIOS
4. IGNOU AND
5. AHSEC
IN YOUR WHATSAPP NUMBER, THEN JOIN MY BROADCAST LIST BY SENDING YOUR CONTACT INFO AND CLASS TO MY WHATSAPP NUMBER 9577097967.
******************************************************
JOB INFO AND SOLVED QUESTION PAPERS OF COMPETITIVE EXAM WILL ALSO BE PROVIDED.
******************************************************
I AM ALSO BUYING QUESTION PAPERS AND HAND WRITTEN NOTES OF DIBRUGARH UNIVERSITY FOR MY BLOG(ARTS AND SCIENCE STREAM). INTERESTED STUDENTS CAN CONTACT ME.

Wednesday, July 25, 2012

Dibrugarh University - Cost Accounting 1999


Answer any five questions:-

1. ‘Cost Accounting is a branch of Accounting and has been developed due to limitations of Financial Accounting.’ Explain. 20

2. What is a cost sheet? What are the purposes of a cost sheet? Give the composition of a selling price. 5+5+10

3. What do you understand by ABC analysis and what is meant by Economic Order Quantity? Explain them with illustrations. 10+10
4. What do you mean by overheads? How are overheads classified? 5+15

5. The accounts of a machine manufacturing company disclose the following information for the six months ending 31st Dec, 97                                                                                                           Rs.
                Materials used                                                                  1, 50,000
                Direct wages                                                                      1, 20,000
                Factory overheads                                                             30,000
                Administrative expenses                                                 15,000
Prepare the cost sheet of the machines and calculate the price which the company should quote for the manufacture of a machine requiring materials valued Rs 1250 and expenditure in productive wages Rs 750 so that the price may yield a profit of 20% on the selling price. 10+10

6. From the following particulars, work out the earnings for the week of a worker under –
a)      Straight Piece Rate System;
b)      Differential Piece Rate System;
c)       Halsey Premium  System;
d)      Rowan System;                                  3+5+7+5

Number of working hours per week 48
Wages per hour Rs 3.75
Rate per piece Rs 1.50
Normal time per piece 20 minutes
Normal output per week 120 pieces
Actual output for the week 150 pieces
Differential Piece Rate:
80% of piece rate when output is below standard and 120% when above standard.

7. From the following figures, show the cost of the three processes of manufacture. The production of each process is passed on to the next till completion: 20
                                                                                Process A                                            Process B                                             Process C
                Wages and materials                      60,800                                                   24,000                                                   58,500
                Works Overheads                            11,200                                                   10,500                                                   12,000
                Production (in units)                       72,000                                                   75,000                                                   96,000
                Stock (units from 1st July, 89)          _                                                           8,000                                                   33,000
                Stock (units from 31st July, 89)        _                                                           2,000                                                   11,000

8. From the following particulars, calculate –                                       Standard Mix                     Rs
    a) Material Cost Variance;                                                        A             55 kg at Rs 2                        110
    b) Material Price Variance;                                                       B             45 kg at Rs 4                        180
    c) Material Total Usage Variance;                                                          100                                         290
    d) Material Mix Variance.                                                                                                                                                                         5+5+5+5
                                                                                                                                Actual Mix                           Rs
                                                                                                                A             60 kg at Rs 2.25                  135
                                                                                                                B             40 kg at Rs 3.50                  140
                                                                                                                                100                                         275


Labels

Absorption Costing (1) Accountancy (4) accounting for partnership firms (3) Accounting for Share Capital (3) accounts of non trading concern (3) advanced financial accounting (18) AHSEC (149) ahsec 11 (47) ahsec 12 (60) ahsec notes (136) AHSEC Question Papers (35) Assam Slet (10) bcfm (11) bills of exchange (6) branch accounting (3) Budgetary Control (3) Budgetary Control Notes (2) business communication (28) Business Environment Notes (17) business regulatory framewrok (49) Business Statistics Notes (28) cash flow statement (5) cbse 12 (39) cbse notes (53) commerce (13) company law (23) corporate accounting (33) corporate laws (14) cost accounting (63) cost and management accounting (34) cpt (36) cpt 200 (7) cpt notes (30) dibrugarh university (1179) dibrugarh university notes (611) dibrugarh university question paper (474) dibrugarh university solved papers (267) dibrugarh university syllabus (47) direct tax law (49) eco - 01 (4) ECO - 02 (2) ECO - 03 (2) ECO - 05 (6) ECO - 06 (1) ECO - 07 (1) eco - 08 (4) eco - 09 (1) ECO - 10 (2) ECO - 11 (3) ECO - 12 (7) ECO - 13 (2) ECO - 14 (4) entrepreneurship (14) fianancial accounting (3) financial accounting (48) Financial Accounting Notes (23) financial management (18) Financial statements analysis (14) funds flow statement (3) guwahati university (289) guwahati university syllabus (52) Hire Purchase (5) Human Resource Management (12) icwai (38) icwai notes (39) ignou solved assignments (83) ignou solved question papers (121) income from house property (5) income from salary (4) Income Under the head Salaries (11) information technology (10) Installment Purchase (4) issue of shares (4) kkhsou (13) M.com (62) Management Accounting Notes (31) MCQ (11) paper I (1) paper II (9) paper III (1) principle of business mangement (16) Principles of Marketing Notes (16) royalty accounts (3) sale of goods act (8) semester I (165) Semester II (156) semester III (92) semester IV (149) semester V (136) semester VI (91) slet (13) Slet Ne (10) Small Business Management (7) solved assignments (22) UGC - NET: Commerce (08) (14) UGC - NET: Commerce (08) Paper II (3) UGC - NET: Commerce (08) Paper III (14) ugcnet solved question papers (23) Variance Analysis Notes (1)