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Cost and Management Accounting - Model - April 2025

This document is a model examination paper for the Cost and Management Accounting subject for BCA students at Jawahar Science College. It includes multiple-choice questions, short answer questions, and problem-solving questions covering various topics in cost accounting. The exam is structured into three sections with a total of 75 marks and a duration of 3 hours.

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147 views2 pages

Cost and Management Accounting - Model - April 2025

This document is a model examination paper for the Cost and Management Accounting subject for BCA students at Jawahar Science College. It includes multiple-choice questions, short answer questions, and problem-solving questions covering various topics in cost accounting. The exam is structured into three sections with a total of 75 marks and a duration of 3 hours.

Uploaded by

rtkvinayagam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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JAWAHAR SCIENCE COLLEGE

DEPARTMENT OF BUSINESS ADMINISTRATION


MODEL – EXAMINATION- APRIL- 2025
CLASS: II - BCA TIME : 3 HRS
SUBJECT: Cost and Management Accounting - [23UBCAE45] MARKS: 75

SECTION – A (10x1=10) Answer ALL Questions


1. Define the term costing.
2. Basic objectives of cost accounting is
a) tax compliance b) financial audit c) cost ascertainment d) none of these
3. overhead cost is the total of
a) all indirect costs b) all direct costs c) direct and indirect costs d) specific costs
4. Direct expenses are also called
a) major expenses b) sundry expenses c) overhead expenses d) chargeable expenses
5. Prime cost includes direct material, direct labour and direct_________________.
6.Total of direct costs is termed as_____________ cost.
7.Reconciliation is usually done between.
a) Gross profit and Net profit b) Previous year’s profit and current year’s profit
c) Costing Profit and Financial Accounts profit.
8. Over valuation of opening stock in financial accounts.
a) Decrease costing profit b) Increases financial accounts profit c) Decrease financial
accounts profit
9. Job cost is usually estimated on the basis of
a) Customer specifications b) Production cost c) Competitor’s prices d) Govt.
Regulation
10. JIT Inventory system is
a) Job in Time b) Just inventory Time c) Just in Time d) None of the above
SECTION –B (5X7=35) Answer ALL Questions
11. a) State the objectives of Cost accounting
Or
b) Explain the various elements of cost.
12. a) Explain the advantages of material control.
Or
b) Explain the objectives of purchasing department.

13. a) Prepare a cost sheet from the following:


Particulars Amont (Rs)
Direct materials 10,000
Direct wages 15,000
Factory expenses 5,000
Office expenses 1,000
Selling expenses 500
Or
b) From the following particulars, calculate the EOQ.
Annual requirements 10,800 kgs
Cost of purchasing and receiving one order Rs. 1,000\
Annual carrying cost Rs. 20.
14. a) Calculate the Raw Material consumer from the following details.
Raw materials purchased 80,000
Sale of material scrap 1,000
Opening stock of raw materials 12,000
Closing stock of raw materials 21,000.
Or)
b) Compute the prime cost:
Direct material used 82,000
Productive wages 17,000
Royalty paid 11,000
Hire charge of special machine for the job 13,000
15.a) Explain the importance of Budgetary control.
Or
b) Compute the payback period for the following:
Original investment Rs.15,000
Annual cash inflow Rs. 7,500
SECTION –C (3X10=30) Answer ALL Questions
16.Explain the difference between financial accounting and management accounting.
17. Coal India Ltd., recorded an output of 80,000 tons of saleable coal during 2010. From the
following details, ascertain the cost of coal raised a) per b) for 80,000 tons.
Particulars Amont (Rs)
Royalty to the state govt at Rs. 2 per ton raised 1,60,000
Wages: Underground 4,00,000
On the surface 1,20,000
Stores and consumables 24,000
Depreciation of tools etc., 56,000
Rent, rates and taxes 40,000
Working Repairs and Renewals 20,000
expenses: Timber and other materials 16,000
Sundry expenses 40,000
The general administration and selling expenses amounted to Rs. 2,40,000.
18.From the following information, calculate:
a) Maximum stock level
b) Minimum stock level
c) Reorder level
d) Average stock level
Minimum consumption – 240 units per day
Maximum consumption -420 units per day
Normal consumption- 300 units per day
Reorder quantity – 3,600 units
Re-Order period -10-15 days
Normal reorder period – 12 days.
19.From the following particulars given below write up the store’s ledger card:
2007 January
1 opening stock 1000 units at Rs. 26 each.
5 Purchased 500 units at Rs. 24.50 each.
7 Issued 750 units.
10 Purchased 1,500 units at Rs. 24 each.
12 Issued 1,100 units
15 Purchased 1,000 units at Rs. 25 each.
17 Issued 500 units.
18 Issued 300 units
25 Purchased 1,500 units at Rs. 26 each
29 Issued 1,500 units
Adopt the FIFO method of issue and ascertain the value of the closing stock.
20. A company produces single product which sells for ` 20 per unit. Variable cost is ` 15 per
unit and Fixed overhead for the year is ` 6,30,000. Required: (a) Calculate sales value needed
to earn a profit of 10% on sales. (b) Calculate sales price per unit to bring BEP down to
1,20,000 units. (c) Calculate margin of safety sales if profit is ` 60,000.
****************

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