There was a problem sending you an sms. Check your phone number or try again later.
We've sent a link to the Scribd app. If you didn't receive it, try again.
PAPER \u2013 4 : COST ACCOUNTING AND FINANCIAL MANAGEMENT
PART \u2013 I : COST ACCOUNTING
1. (i) Anuradha Company has a Mumbai Plant that manufactures OTG. One component is an XY chip. Expected demand is for 10,000 of these chips in March, 2009. Anuradha estimates the ordering cost per purchase order to be Rs. 250. The monthly carrying cost for one unit of XY in stock is Rs. 5.
(ii) The cost accountant of Y Ltd. has computed labour turnover rates for the quarter ended 31st March, 2009 as 5% under \u2018Replacement method\u2019 If the number of workers replaced during that quarter is 30, find out the number of average workers on payroll,
(iii) A company has made a profit of Rs. 50,000 during the year 2008-09. If the selling price and marginal cost of the product are Rs. 15 and Rs. 12 per unit respectively, find out the amount of margin of safety.
The annual requirement for the material is 5,000 tons. The ordering cost per order is Rs. 1,200 and the stock holding cost is estimated at 20% of material cost per annum.
5. (i) ABC Limited manufactured two products A and B during the first year of its operations. The company had budgeted Factory Overheads of Rs 3,40,000 against the 2,00,000 budgeted labour hours. This led to an Overhead absorption rate of Rs 1.70 per direct labour hour. This rate was used by the company for Product Costing purposes. Details of Budgeted Overheads and Labour hours are as follows,
There was no work-in-progress at the end of the year. There were, however, 2,000 and 6,000 finished units respectively of products A and B on hand. Assume that budgeted activity was attained.
(b) Assume that material and labour costs per unit of product A were Rs. 10 and that the selling price was established by adding 40 per cent to cover profit and selling and administrative expenses. What difference in selling price would result from the use of departmental overhead rate against plant wise overhead rates?
6. ABC Ltd. operates an integrated accounting system. It is a chemical processing company, which converts three raw materials \u2013 W, X and Y \u2013 into a final product Z which is used as a fertilizer in the farming industry.
The following notes are also relevant:
1. ABC Ltd. prepares its financial accounts to 31 October each year:
2. The raw material control account balance comprises:
Now bringing you back...
Does that email address look wrong? Try again with a different email.