SECTION A (5 8 = 40 marks) Answer any FIVE questions. All questions carry equal marks.

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1 MAY 2011 Time : Three hours Maximum : 100 marks SECTION A (5 8 = 40 marks) Answer any FIVE questions. All questions carry equal marks. 1. Distinguish between cost accounting and financial accounting. AhUPÂø» PnUQ ø»² ØÖ {v À PnUQ ø»² ÁÖ kzxp. 2. Explain the causes and methods of measuring labour turnover. öuõè»õíº _ÇØ] ß Põµn[PøͲ ØÖ AuøÚ AÍÂk øópøí² ÂÍUSP. 3. From the following calculate : (a) (b) (c) Reorder level Minimum stock level. Maximum stock level Normal usage 100 units per day Minimum usage Maximum usage 60 units per day 130 units per day EOQ 5000 units Reorder period 25 to 30 days. RÌUPõq ÂÁµ[Pμ x ßÁ ÁÚÁØøÓ PnUQkP. (A) Ö Bøn mh (B) SøÓ u m\ C mh (C) AvP m\ C mh C À ß õk 100 A»SPÒ J õðus SøÓ u ß õk 60 A»SPÒ J õðus

2 AvP AÍÄ ß õk 130 A»SPÒ J õðus ]UPÚ Bøn AÍÄ 5000 A»SPÒ Ö Bøn Põ» õmpò. 4. Profit disclosed by cost accounts 50,000 from the following particulars prepare a reconciliation statement. (a) Overhead as per cost accounts were 8,500 while overheads as per financial accounts were 7,000. (b) Directors fees shown in financial accounts only 2,000. (c) Depreciation was shown as 750 in financial accounts whereas in cost accounts it was shown as 1,500. (d) Share transfer fees received during the year 2,000. (e) Provision for income tax was 15,000. (f) Provision for doubtful debts was 5,000. AhUPÂø» PnUQ ¼ß i C»õ 50,000, RÌPõq  µ[pî¼ x \ Pmk mi À JßøÓ u õ UPÄ. (A) AhUPÂø» PnUQ ¼ß i øó P ö\»äpò 8,500. BÚõÀ {v À PnUQ ¼ß i øó P ö\»äpò. 7,000. (B) {v À PnUQ ¼À mk Põn k C US º Pmhn 2,000. (C) {v À PnUQ ¼À Põn k u õú 750 BÚõÀ AhUPÂø» PnUQÀ Põn k u õú 1,500. (D) h BsiÀ [S õøöupmhn ö ØÓx 2,000. (E) Á õú Á JxURk 15,000. (F) I UPhß JxURk 5, Calculate wages per hour from the following information. Wages per year 24,000. Annual 25% of wages. Contribution of 10% of wages. 2

3 E.S.I 3% of wages. Total leave permitted during the year 60 days. Cost of labour welfare amenities 80,000. No. of workmen 200. Normal Idle time 80 hours. Working days per annum 320 days of 8 hours each. RÌUPõq ÂÁµ[Pμ x J o AÍÂØPõÚ T¼ øúu PnUQkP : BskUPõÚ T¼ 24,000. Bsk õúì T¼ À 25%. \»{v À ö\¾zv x T¼ À 10%. öuõè»õíº õ{» Põ Öv {v À ö\¾zv x T¼ À 3%. h BsiÀ A[RP UP mh Âk øó ö õzu õmpò 60 õmpò. öuõè»õíº Á\vUPõP ö\»áèzux 80,000. ö õzu Áø» õmpò GsoUøP 200. \õuõµn o CÀ»õu Põ» 80 opò. Bsk o õmpò 320 J õøíus 8 o µ. 6. Calculate the machine hour rate from the Information given below : Cost price of the asset 1,05,000 Scrap value of the asset at the end of its life 15,000 Installation charges 10,000 Life of the asset 10 years at the rate of 2000 working hours per year. Repair charges 50% of depreciation Lubricating oil 2 per day of 8 hours. 3

4 Consumable stores 10 per day of 8 hours. Operator s direct wages 4 per day. Elective power consumption 10 units per hour at 70 paise per unit. RÌUPõq upáàpî¼ x C vµ o µ ÃuzøuU Psk i. ö\õzvß AhUPÂø» 1,05,000. ö\õzvß B²mPõ» iâà PÈÂß v 15,000. ö õ zxáuøpõú ö\»äpò 10,000. ö\õzvß B²mPõ» J Á hzvøs 2000 o opò GßÓ ÃuzvÀ 10 Á h[pò. Êx õºus ö\»äpò u õúzvà 50 \uãu. ø\ Gsön 8 o µ öpõsh õò JßÖUS 2. ~PºÄ ö õ mpò 8 o µ öpõsh õò JßÖUS 10. C US Á ß µiut¼ 4 õò JßÖUS. ªß \Uv E õp : 10 A»SPÒ J o µzvøs 70 ø \õ J A»SUS. 7. From the following data, prepare a statement showing total cost and profit. Raw materials used 3,000 Direct wages 1,800 Man hours worked 7,125 hours Machine hour rate Re 0.40 per hour Office overheads 20% of factory cost Selling overheads Re 0.10 per unit Units produced 15,000 Units sold 13,500 Sales 13,500 4

5 ßÁ ÂÁµ[Pμ x, J ö õ Îß ö õzu AhUP Âø»ø ², C»õ zøu² Põmk mi ø»z u õº ö\ P. ß kzu mh» ö õ mpò 3,000 µiu T¼ 1,800 Ûu µ Áø» ö\ ux C vµ o Ãu A¾Á»P Øö\»ÄPÒ ÂØ øú Øö\»ÄPÒ EØ zv ö\ mh ö õ mpò ÂØ øú ö\ mh ö õ mpò 7,125 opò 0.40 J ous 20% öuõèø\õø» AhUPzvÀ 0.10 J A»SUS 15,000 A»SPÒ 13,500 A»SPÒ ÂØ øú 13, You are required to calculate : (a) (b) (c) Margin of safety Sales Variable cost from the following figures Fixed cost 12,000 Profit 1,000 Break even sales 60,000 RÌUPsh ÂÁµ[Pμ x ßÁ ÁÚÁØøÓ PnUQkP. (A) õxpõ GÀø» (B) ÂØ øú (C) õö k ö\»äpò {ø»a ö\»äpò 12,000 C»õ 1,000 C»õ mh ØÓ ÂØ øú 60,000 5

6 SECTION B (3 20 = 60 marks) Answer any THREE questions. All questions carry equal marks. 9. Explain the various methods used for reapportionment of service departments expenses to production departments. \øázxøópîß ö\»äpøí EØ zvz xøópðus Ö Qº uîup ß kzu k À ÁÖ øópøí ÂÍUSP. 10. From the following particulars, prepare a cost sheet Raw materials 20,000 32,000 Work-in-progress 26,500 14,000 Purchases of raw materials 90,000 Carriage inwards 2,000 Direct wages 40,000 Direct expenses 15,000 Works overheads 22,500 Administration overheads 10,000 Selling and distribution overheads 14,000 Sales 2,20,000 ßÁ ÂÁµ[Pμ x AhUPÂø» mi ø» u õ UPÄ » ö õ mpò 20,000 32,000 iäö Óõu ö õ mpò 26,500 14,000» ö õ mpò öpõò uà 90,000 EÒ_ø U T¼ 2,000 µiu T¼ 40,000 6

7 µia ö\»äpò 15,000 o Øaö\»ÄPÒ 22,500 {ºÁõP Øö\»ÄPÒ 10,000 ÂØ øú ØÖ Â{ õp Øö\»ÄPÒ 14,000 ÂØ øú 2,20, The product A passes through three processes for completion No. opening or closing stocks at the end of each process. Other details. Process I Process II Process III Direct materials 20,000 30,200 34,620 Wages 35,000 42,260 50,000 Production overheads 15,000 20,000 25, units were issued to process I at 50 each. Normal loss (%) Actual production (Units) Sale price of waste () Process I per unit Process II per unit Process III per unit Prepare process accounts. J iä ö õ ÍõÚ A ßÖ i øópøíu PhUP Ási²ÒÍx. Bµ ØÖ CÖv C PÒ G u i øó ¾ CÀø». ØÓ ÂÁµ[PÒ : i øó I i øó II i øó III µi» ö õ Ò 20,000 30,200 34,620 T¼ 35,000 42,260 50,000 EØ zv Øö\»ÄPÒ 15,000 20,000 25,000 7

8 1000 A»SPÒ JßÖ 50 Ãu uà i øó À ÁÇ[P mhx. C À mh (%) Esø EØ zv (A»SPÒ) PÈÄ ö õ Ò ÂØ øú Âø» () i øó I A»S JßÖUS i øó II A»S JßÖUS i øó III A»S JßÖUS i øó PnUSPøÍ u õº ö\ P. 12. A company has three production departments and two service departments and the expenses incurred by them during the month of march 2009 are given below : Production departments A 1,60,000 B 1,40,000 C 1,00,000 Service departments X 46,800 Y 60,000 The expenses of service departments are charged as follows : A B C X Y Expenses of X : 20% 40% 30% 10% Expenses of Y : 40% 20% 20% 20% Prepare a statement showing the apportionment of two service departments expenses of production departments by simultaneous equation methods. J {Ö ßÖ EØ zvz xøópøí² ØÖ Cµsk \øázxøópøí² öpõskòíx. xøópîà 2009 õºa õuzvà HØ mh ö\»äpò ßÁ õö : 8

9 EØ zvz xøópò A 1,60,000 B 1,40,000 C 1,00,000 \øázxøópò X 46,800 Y 60,000 \øázxøópò ö\»äpò EØ zvzxøópðus RÌUPshÁõÖ Qº uîup kqóx. A B C X Y X ß ö\»äpò : 20% 40% 30% 10% Y ß ö\»äpò : 40% 20% 20% 20% J [Pø a \ ß õmk øó À Cµsk \øázxøópîß ö\»âú[pøí EØ zvz xøópðus Qº uîus AÔUøPø u õ UP. 13. From the following particulars explain which sales mix should be selected : Fixed expenses 20,000 Sales mix. X Y Selling price Raw materials Wages 5 10 Variable expenses (a) (b) 1500 units of Y only 1000 units of X and 500 units of Y (c) 800 units of X and 900 units of Y. 9

10 R Ç öpõkup mh ÂÁµ[Pμ xx G u ÂØ øú P»øÁø uº öukup»õ Gß øu ÂÍUSP. X Y ÂØ øú Âø» » ö õ ÒPÒ T¼ 5 10 õö ö\»äpò {ø»aö\»äpò 20,000. ÂØ øúu P»øÁ : (A) Y GßÓ ö õ Ò 1500 mk (B) X GßÓ ö õ Ò 1000 ØÖ Y À 500 ö õ mpð (C) X GßÓ ö õ Ò 800 ØÖ Y À 900 ö õ mpð. 10