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2009 Tamil Nadu Open University B.Com B.Com.>>COST ACCOUNTING>>JUNE 2009.>>Third Year Question paper

Course: B.Com   University/board: Tamil Nadu Open University

JUNE 2009.
(AY 2004–05 batch onwards)
Third Year
Time : 3 hours Maximum marks : 75
SECTION A — (3 ´ 5 = 15 marks)
Answer any THREE questions.
All questions carry equal marks.
1. Define Cost Accounting and explain its objectives.
2. Write a note on ABC analysis.
3. Explain the Time rate and Piece rate systems of wage payments.
4. What is Job Costing?
5. What is Contract Costing?

SECTION B — (4 ´ 15 = 60 marks)
Answer any FOUR questions.
All questions carry equal marks.

6. Distinguish between Cost Accounting and Financial Accounting.

7. Two components A and B are used as follows in an
organisation :
Normal Usage – 60 kilo per week
Minimum Usage – 30 kilo per week
Maximum Usage – 90 kilo per week
Reorder quantity – ‘A’ 600 kilos
‘B’ 800 kilos
Reorder period – 4 to 6 weeks for ‘A’
– 2 to 4 weeks for ‘B’
Calculate :
(a) Re–order level
(b) Maximum level
(c) Minimum level and
(d) Average stock level.

8. Standard time allotted for a job is 20 hours and the rate per hour is Rs. 20 plus a dearness allowance of Rs. 5 per hour worked. The actual time taken by a worker is 15 hours. Calculate the total earnings under
(a) Time wage system
(b) Piece wage system
(c) Halsey plan
(d) Rowan plan.

9. Draw a statement of Cost from the following
particulars :
Particulars Rs.
Opening Stock : Materials 2,00,00
Work in progress 60,000
Finished Goods 5,000
Closing stock : Materials 1,80,00
Work in progress 50,000
Finished Goods 15,000
Materials purchased 5,00,00
Direct wages 1,50,00
Manufacturing expenses 1,00,00
Sales 8,00,00
Selling expenses 20,000

10. Prepare process accounts from the following details :
Process A Process
Materials (Rs.) 30,000 3,000
Labour (Rs.) 10,000 12,000
Overhead (Rs.) 7,000 8,600
Number of inputs in units 20,000 17,500
Normal loss 10% 4%
Sales value of waste per unit (Rs.) 1.50 2.50
The final output from the Process B was
17000 units.

11. The sales of a Company are Rs. 5,00,000, variable
costs are Rs. 3,00,000 and Fixed Costs are Rs. 1,00,000.
(a) P/V ratio
(b) Break Even Point (in rupees)
(c) Margin of safety (in rupees).

12. From the following information prepare cost and
financial profits’ reconciliation statement :
Profits as per costing books 45,030
Income Tax provided in financial books 4,000
Bank Interest (Cr.) in financial books 150
Depreciation recovered in cost books 3,000
Depreciation charged in financial books 2,800
Works overheads over recovered 550
Administrative overheads under recovered 450
Interest on investments not included in cost accounts 1,200
Stores adjustments (Credit in financial books) 120



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