MAY 2019 U/ID 22209/UCZK/UCXD/

URMB/UCVG

Time : Three hours Maximum : 100 marks

SECTION A — (10  3 = 30 marks)

Answer any TEN questions.

1. What is the scope of Cost Accounting?

AhUPÂø» PnUQ°¯¼ß £μöÁÀø» ¯õx?

2. State the various elements of Cost.

AhUPzvß £À÷ÁÖ TÖPÒ SÔ¨¤kP.

3. Calculate the Raw Material consumed from the following details:

Rs.

Raw Materials purchased 80,000

Sale of Material scraps 1,000

Opening stock of Raw Materials 12,000

Closing stock of Raw Materials 21,000

R÷Ç öPõkUP¨£mkÒÍ Â£μ[Pμ¸¢x ‰»¨ö£õ¸Ò ~PºÄ

AÍøÁ PnUQk.

¹.

‰»¨ö£õ¸Ò öPõÒ•uÀ ö\´ux 80,000

‰»¨ö£õ¸Ò PÈÄ ÂØÓx 1,000

‰»¨ö£õ¸Ò öuõhUP \μUQ¸¨¦ 12,000

‰»¨ö£õ¸Ò CÖv \μUQ¸¨¦ 21,000

4. Find out the Reorder Level from the following :

Maximum consumption of Material 300 units

Minimum reorder period 2 weeks

Maximum reorder period 4 weeks.

 R÷Ç öPõkUP¨£mkÒÍ Â£μ[Pμ¸¢x ©Ö Bøn AÍÂøÚ
PnUQkP.
AvP£m\ ‰»¨ö£õ¸Ò ~PºÄ 300 A»SPÒ
SøÓ¢u £m\ ©Ö Bøn Põ»® 2 Áõμ[PÒ
AvP£m\ ©Ö BønPõ»® 4 Áõμ[PÒ.
5. Write a note on ‘Piece Rate System’.
xsk Ãu •øÓ £ØÔ ]Ö SÔ¨¦ ÁøμP.
6. What are the bases for apportionment of expenses given below to
the different departments?
(a) Depreciation on Machinery
(b) Canteen Expenses
(c) Rent of Building.
£À÷ÁÖ xøÓPÐUS RÌöPõkUP¨£mkÒÍ ö\»ÂøÚ £›zuÎUS®
Ai¨£øhPÒ ¯õøÁ?
(A) C¯¢vμzvß «uõÚ ÷u´©õÚ®
(B) ]ßÖsi ö\»ÄPÒ
(C) Pmih[PÒ «uõÚ ÁõhøP.
7. What are the limitations of Management Accounting?
÷©»õsø© PnUQ¯¼ß SøÓ£õkPÒ ¯õøÁ?
8. List out any three tools of financial statement analysis.
{v AÔUøP £S£õ´Âß H÷uÝ® ‰ßÔøÚ £mi¯¼kP.
9. Sales Rs. 8 Crores
Cost of Goods sold Rs. 4 Crores
Selling and Distribution overheads Rs. 2 Crores
From the above, compute the Gross Profit Ratio.
ÂØ£øÚ ¹. 8 ÷Põi
AhUP ö£õ¸Ò ÂØ£øÚ ¹. 4 ÷Põi
ÂØ£øÚ ©ØÖ® £Qº¢uΨ¦ ÷©Ø ö\»ÄPÒ ¹. 2 ÷Põi
÷©ØTÔ¯ÁØÔ¼¸¢x ö©õzu C»õ£ ÂQuzøu PnUQkP.

2 U/ID 22209/UCZK/UCXD/
URMB/UCVG
10. What is a Budget?

vmh¨£mi¯À GßÓõÀ GßÚ?

11. Find out the funds from operations from the details given below :

Rs.
Net Profit for the year 2012 – 13 95,000
Depreciation charged on fixed assets 42,000
Profit on sale of long term investments included in
the P and L a/c 13,000
Goodwill written off 20,000
R÷Ç öPõkUP¨£mkÒÍ uPÁÀPμ¸¢ {ÖÁÚ® ö\¯À £mhõÀ
Qøhzu C»õ£zvøÚ PnUQkP.
¹.
2012 – 13 ® BisØPõÚ {Pμ C»õ£® 95,000

{ø» ö\õzxUPÒ «uõÚ ÷u´©õÚ® 42,000

}sh Põ» •u¼kPøÍ ÂØÓvÀ Qøhzu C»õ£®

C»õ£ |mh PnUQÀ EÒÍhUQ²ÒÍx 13,000

|Øö£¯º ÷£õUöPÊv¯x 20,000

12. What is Break Even Chart?

C»õ£ |mh©ØÓ ÂØ£øÚ Áøμ£h® GßÓõÀ GßÚ?

SECTION B — (5 × 6 = 30 marks)

Answer any FIVE questions.

13. Explain the functions of Cost Accounting.
AhUPÂø» PnUQ¯¼ß £oPøÍ ÂÍUSP.
14. The profit as per cost accounts was Rs. 1,50,300. Calculate the
amount of profit as per profit and loss account on the basis of the
following information :
(a) Works overheads expenses were over-recovered in cost
accounts by Rs. 8,000.
(b) Administrative expenses were over-recovered in financial
accounts by Rs. 3,000.
3 U/ID 22209/UCZK/UCXD/
URMB/UCVG
 (c) Depreciation charges were over-recovered in cost accounts
by Rs. 1,900.

(d) Interest on investments amounted to Rs. 940.

(e) Bad debts written off Rs. 650.

AhUPÂø» PnUQÀ £i C»õ£® ¹.1,50,300. R÷Ç

öPõkUPUP¨£mkÒÍ Â£μ[Pμ¸¢x C»õ£ |mh PnUQß £i
C»õ£zvøÚ PnUQkP.

(A) öuõÈØ\õø» ÷©Øö\»ÄPÒ AhUPÂø» PnUQ°¯¼À

AvP® ~Pº¢ux ¹. 8,000.

(B) A¾Á»P ö\»ÄPÒ {v\õº PnUQ¯¼À AvP® ö\´¯¨£mhx

¹. 3,000.

(C) ÷u´©õÚ ö\»ÄPÒ AhUPÂø» PnUQ¯À AvP®

Põs¤zux ¹. 1,900.

(D) •u½kPÒ «uõÚ Ámiz öuõøP ¹. 940.

(E) ÁμõUPhß ÷£õUöPÊu¨£mhx ¹. 650.

15. Find out the Economic Order Quantity from the following
particulars :

Annual Usage 6,000 units

Cost of material per unit Rs. 20

Cost of placing and receiving one order Rs. 60

Annual Carrying cost one unit : 10% of inventory value.

R÷Ç öPõkUP¨£mkÒÍ Â£μ[Pμ¸¢x ]UPÚ Bøn AÍÂøÚ

PnUQkP.

Á¸h £¯ß£õkPÒ 6,000 A»SPÒ

J¸ A»QÀ ‰»¨ö£õ¸Ò AhUP® ¹. 20

J¸ Bøn CkÁuØS® ö£ÖÁuØSÒÍ ö\»Ä ¹. 60

Á¸h øP¯õЮ Pmhn® A»S JßÖUS \μUQ¸¨¦ ©v¨¤À 10%.

4 U/ID 22209/UCZK/UCXD/
URMB/UCVG
16. From the following data, prepare a statement showing the cost
per day of 8 hours of engaging a particular type of labour.

(a) Monthly Salary (Basic plus dearness allowance) Rs. 400.

(b) Leave salary payable to workman 15% of basic and

dearness allowance.

(c) Employee’s contribution to provident fund 8% of salary

(Items (a) and (b))

(d) Employer’s contribution to E.S.I 5% of salary (Items (a)

and (b))

(e) Pro-rata expenditure on amenities to labour Rs. 25 per

head per month.

(f) Number of working hours in a month 200.

RÌöPõkUP¨£mkÒÍ Â£μ[Pμ¸¢x 8 ©oPÒ öPõsh 1 |õÎß

J¸ ÁøP £o¯õ͸USshõÚ E¢v¯zøP Põmk® AÔUøP°øÚ
u¯õ›UPÄ®.

(A) ©õuõ¢vμ \®£Í® (Ai¨£øh + £g\¨£i) ¹. 400.

(B) Âk¨¦ Fv¯® £o¯õ͸US ÁÇ[S® Ai¨£øh ©ØÖ®

£g\¨£i°À 15%.

(C) £o¯õÍ›ß ÷\©|» {v £[PΨ¦ Fv¯zvÀ 8% (CÚ® (A)

©ØÖ® (B)).

(D) £o A©ºzx£Áº £[PΨ¦ E.S.I –US Fv¯¯zvÀ 5%

(CÚ® (A) ©ØÖ® (B)).

(E) J¸ £o¯õ͸zPS J¸©õuzvØS ÁÇ[P¨£k® öuõøP ¹. 25.

(F) J¸ ©õuzvØPõÚ C¯[S® ©oPÒ 200.

17. How does management accounting differ from cost accounting?

÷©»õsø© PnUQ¯À AhUPÂø» PnUQ°¼¸¢x GÆÁõÖ

÷ÁÖ£kQÓx,

5 U/ID 22209/UCZK/UCXD/
URMB/UCVG
18. From the following information calculate the average collection
period.

Total sales Rs. 1,00,000

Cash sales (included in total sales) Rs. 20,000

Sales returns Rs. 7,000

Debtors (31.12.2012) Rs. 9,000

Bills Receivable (31.12.2012) Rs. 2,000

Reserve for doubtful debts (31.12.2012) Rs. 1,000

Creditors (31.12.2012) Rs. 10,000

R÷Ç öPõkUP¨£mkÒÍ Â£μ[Pμ¸¢x \μõ\› Á`À Põ»zvøÚ

PnUQkP.

ö©õzu ÂØ£øÚ ¹. 1,00,000

öμõUP ÂØ£øÚ (ö©õzu ÂØ£øÚ°À

EÒÍhUQ²ÒÍx) ¹. 20,000

ÂØ£øÚ v¸¨£® ¹. 7,000

PhÚõÎPÒ (31.12.2012) ¹. 9,000

ö£ÖuØS›¯ ©õØÖ ^mk (31.12.2012) ¹. 2,000

ÁμõUPhß Põ¨¦ (31.12.2012) ¹. 1,000

PhÚõÎPÒ (31.12.2012) ¹. 10,000

19. From the following information relating to Bright Ltd., calculate

funds lost in operations.

Net loss for the year Rs. 90,000

Dividend received Rs. 7,000

Depreciation charged Rs. 10,000

Profit on sale of asset Rs. 5,000

Refund of tax Rs. 2,000

6 U/ID 22209/UCZK/UCXD/
URMB/UCVG
 R÷Ç öPõkUP¨£mkÒÍ Â£μ[Pμ¸{x ¤øμm ¼ªöhm {ÖÁÚ®
ö\¯À£mhuõÀ Qøhzu |mhzvøÚ PnUQkP.

C¢u Á¸h {Pμ |mh® ¹. 90,000

£[Põuõ¯® ö£ØÓx ¹. 7,000

÷u´©õÚ® ö\»Ä ¹. 10,000

ö\õzx ÂØÓvÀ C»õ£® ¹. 5,000

Á› ö\»Ä v¸®£ ö£ØÓx ¹. 2,000

20. From the following figures relating to ABC Ltd., calculate

Break-Even Point.

Fixed expenses Rs. 1,50,000

Variable cost per unit Rs. 10

Selling price per unit Rs. 15

R÷Ç öPõkUP¨£mkÒÍ ABC ¼ªöhmiß ¤Áμ[PÒ C»õ£

|mh©ØÓ ¦ÒÎø¯ PnUQkP.

{ø» ö\»ÄPÒ ¹. 1,50,000

J¸ A»SUS ©õÖ® ö\»Ä ¹. 10

ÂØ£øÚ Âø» J¸ A»SUS ¹. 15

SECTION C — (2 × 20 = 40 marks)

Answer any TWO questions.

21. Prepare a statement showing cost and profit for the year ended
31.12.2013.
1.1.2013 31.12.2013
Raw Materials 1,00,000 1,23,500
Finished goods 71,000 42,000
Work-in-progress 31,000 34,000
Purchase of raw materials 88,000
Direct wages 70,000

7 U/ID 22209/UCZK/UCXD/
URMB/UCVG
 1.1.2013 31.12.2013
Indirect wages 2,500
Works expenses 37,000
Administrative expenses 13,000
Sale of factory scrap 2,000
Selling and distribution expenses 15,000
Sale of finished goods 2,75,000
31.12.2013 ® Bs÷hõk •iÁøh²® Bsiß AhUP® ©ØÖ®
C»õ£zvøÚ Põs¤US® AhUP AÔUøP°øÚ u¯õ›UPÄ®.
1.1.2013 31.12.2013
‰»¨ö£õ¸ÒPÒ 1,00,000 1,23,500

EØ£zv u•i¢u ö£õ¸mPÒ 71,000 42,000

EØ£zv £õv •i¢u •i¯õ©À

EÒÍ ö£õ¸mPÒ 31,000 34,000

‰»¨ö£õmPÒ öPõÒ•uÀ ö\´ux 88,000

÷|μiU T¼ 70,000

©øÓ•P T¼ 2,500

öuõÈØ\õø» ö\»ÄPÒ 37,000

öuõÈØ\õø» PÈÄPÒ ÂØÓx 13,000

{ºÁõP ö\»ÄPÒ 2,000

ÂØ£øÚ £Qº¢uΨ¦ ö\»ÄPÒ 15,000

CÖv ö£õ¸mPÒ ÂØ£øÚ 2,75,000

22. From the following particulars, you are required to prepare

Production Overheads Distribution summary showing clearly
the basis of apportionment where necessary.
Production Dept. Service Dept.

A B C D E

Direct wages Rs. 7,000 6,000 5,000 1,000 1,000

Direct materials Rs. 3,000 2,500 2,000 1,500 1,000

Number of workers 200 150 150 50 50

8 U/ID 22209/UCZK/UCXD/
URMB/UCVG
 Production Dept. Service Dept.

A B C D E

Electricity Kwh. 8000 6000 6000 2000 3000

Light points Nos. 10 15 15 5 5

Asset values Rs. 50,000 30,000 20,000 10,000 10,000

Area occupied Sq.ft 800 600 600 200 200

The expenses for the period were :

Motive power Rs. 1,500; Lighting power Rs. 200; Stores

overheads – Rs. 400; Labour welfare Rs. 3,000; Depreciation
Rs. 6,000; Repairs and maintenance Rs. 1,200; General
overheads Rs. 10,000; and Rent and taxes Rs. 600.

Apportion the expenses of service department D in proportion of

4:3:3 and those of service department E in the ratio of 7:6:5 to
departments A, B and C respectively.

R÷Ç öPõkUP¨£mkÒÍ Â£μ[Pμ¸¢x ö\»ÄPøÍ ¤›zuÎUS®

•øÓø¯ Põs¤US® EØ£zv ÷©Ø ö\»ÄPøÍ ¤›zuÎUS®
öuõS¨ø£ u¯õ›UPÄ®.
EØ£zv xøÓ ÷\øÁ xøÓ

A B C D E

÷|μU T¼ ¹. 7,000 6,000 5,000 1,000 1,000

÷|μi ‰»¨ö£õ¸mPÒ ¹. 3,000 2,500 2,000 1,500 1,000

£o¯õÍ›PÒ
GsoUøP 200 150 150 50 50

ªß\õμ ö\»Ä Kwh 8000 6000 6000 2000 3000

JÎ ¦ÒÎPÒ GsoUøP 10 15 15 5 5

ö\õzx ©v¨¦ ¹. 50,000 30,000 20,000 10,000 10,000

£μ¨¦ Gkzx \xμ

öPõshx Ai°À 800 600 600 200 200

9 U/ID 22209/UCZK/UCXD/
URMB/UCVG
 C¢u Põ»zvØPõÚ ö\»ÄPÒ :

÷©õmiÆ \Uv ¹. 1,500, JÎzvÓß ¹. 200, ì÷hõº ÷©Øö\»ÄPÒ

¹. 400. £o¯õͺ |»® ¹. 3,000, ÷u´©õÚ® ¹. 6,000, £Çx
÷©Ø£õºøÁ ö\»Ä ¹. 1,200, ö£õx ÷©Ø ö\»ÄPÒ ¹. 1,000, ©ØÖ®
Ámi ©ØÖ® ÁõhøP ¹. 600.

÷\øÁzxøÓ D –ß ö\»ÄPøÍ 4:3:3 GßÓ ÂQuzv¾®

÷\øÁzxøÓ E –ß ö\»ÄPøÍ 7:6:5 GßÓ ÂQuzv¾® A, B, C
BQ¯ ¤›zuÎUPÄ®.

23. From the following information, construct a Balance sheet.

Working Capital Rs. 75,000

Reserves and Surplus Rs. 1,00,000

Bank Overdraft Rs. 60,000

Current ratio 1.75:1

Liquid ratio 1.15:1

Fixed assets to Proprietors fund 0.75:1

There is no long term liability.

R÷Ç öPõkUP¨£mkÒÍ Â£μ[Pμ¸¢x C¸¨¦{ø» SÔ¨ø£

u¯õ›UPÄ®.

|øh•øÓ •uÀ ¹. 75,000

E£› ©ØÖ® Põ¨¦ ¹. 1,00,000

Á[Q ÷©ÀÁøμ¨ £ØÖ ¹. 60,000

|h¨¦ ÂQu® 1.75:1

}ºø© ÂQu® 1.15:1

{ø» ö\õzxPÒ •uÀ E›ø©¯õͺ 0.75:1

A[S }sh Põ» Phß {v CÀø».

10 U/ID 22209/UCZK/UCXD/
URMB/UCVG
24. Balu & Co. Ltd. is expected to have Rs. 50,000 in its bank
account on 1.4.2015. Prepare cash budget for April, May, June
2015 from the following estimates :
Month Sales Purchases Salary Admn. Selling
(Rs.) (Rs.) (Rs.) Expenses Expenses
(Rs.) (Rs.)
February 1,00,000 60,000 12,000 18,000 6,600
March 1,12,000 64,000 13,000 18,000 6,000
April 1,20,000 70,000 14,000 20,000 7,000
May 1,60,000 80,000 18,000 23,000 9,000
June 1,80,000 80,000 19,000 24,000 9,000

Other information :
(a) 20% sales on cash – Balance on credit and the amount
received on the following sale.
(b) Suppliers are paid second month following purchases.
(c) Workers salary paid in the same month.
(d) Administrative and selling expenses are paid in the next
month.
(e) Dividend of Rs. 20,000 and Bonus to workers of Rs. 30,000
are to be paid in May.
(f) Income Tax of Rs. 50,000 to be paid in June.
£õ¾ & P®ö£Û ¼ªöhm 1.4.2015 –À ußÝøh¯ Á[Q PnUQÀ
¹. 50,000 C¸US® GÚ ©v¨¥k ö\´ux. R÷Ç öPõkUP¨£mkÒÍ
£μ[Pμ¸¢x H¨μÀ, ÷© ©ØÖ® áüß 2015 ® ¦uzvØPõÚ öμõUP
vmh AÔUøPø¯ u¯õ›UPÄ®.
©õu® ÂØ£øÚ öPõÒ•uÀ \®£Í® {ºÁõP ÂØ£øÚ
(¹.) (¹.) (¹.) ö\»ÄPÒ ö\»ÄPÒ
(¹.) (¹.)
¤¨μÁ› 1,00,000 60,000 12,000 18,000 6,600

©õºa 1,12,000 64,000 13,000 18,000 6,000

H¨μÀ 1,20,000 70,000 14,000 20,000 7,000

֩ 1,60,000 80,000 18,000 23,000 9,000

áüß 1,80,000 80,000 19,000 24,000 9,000

11 U/ID 22209/UCZK/UCXD/
URMB/UCVG
¤Ó ÂÁμ[PÒ :
(A) 20% öμõUP ÂØ£øÚ «v Phß ÂØ£øÚ ÂØ£øÚ, öuõøP
¤ÁØ£øÚUS Akzu ©õu® QøhUP ö£¸®.
(B) \μUS ÁÇ[Q¯ÁºPÒ Cμsk ©õu Põ»® £n® ö\¾zxÀ
u¢xÒÍÚº.
(C) £o¯õͺ Fv¯® A÷u ©õuzvÀ ö\¾zu¨£mhx.
(D) {ºÁõP ©ØÖ ÂØ£øÚ ö\»ÄPÒ Akzukzu ©õuzvÀ
ö\¾zu¨£k®.
(E) £[Põu¯õ® ¹. 20,000 •®, £o¯õ͸UPõÚ ÷£õÚì
¹. 20,000 •® ÷© ©õuzvÀ ö\¾zu£h ÷Ási¯x.
(F) Á¸©õÚ Á› ¹. 50,000 áüß ©õuzvÀ ö\¾zu¨£h
÷Ási¯x.

_______________

12 U/ID 22209/UCZK/UCXD/
URMB/UCVG