DECEMBER 2017 U/ID 1891/PZR

Time : Three hours Maximum : 100 marks

SECTION A — (5  8 = 40 marks)

Answer any FIVE questions.

1. Briefly explain different ways of ‘classifying cost’.

AhUP Âø» ÁøP¨£kzu¼ß £À÷ÁÖ ÁÈPøÍ _¸UP©õP ÂÁ›.
2. The following information is provided by ABC company for the
month of April 2006 Stock on 1.4.2006 – 100 units @ Rs. 5 per
unit
Purchases :
5.4.2006 – 300 units @ Rs. 6
8.4.2006 – 500 units @ Rs. 7
12.4.2006 – 600 units @ Rs. 8
Issues :
6.4.2006 – 250 units
10.4.2006 – 400 units
14.4.2006 – 500 units
Calculate the value of material consumed during the period
under FIFO and LIFO method.
ABC {ÖÁÚ® ¤ßÁ¸® uPÁÀPÎÀ 2006® Bsk H¨μÀ
©õuzvØS›¯øu AÎzxÒÍx.
1.4.2006 AßÖ \μUQ¸¨¦ 100 A»SPÒ, A»S JßÖ ¹. 5 Ãu®.
öPõÒ•uÀ :
5.4.2006 – 300 A»SPÒ ¹. 6 Ãu®
8.4.2006 – 500 A»SPÒ ¹. 7 Ãu®
12.4.2006 – 600 A»SPÒ ¹. 8 Ãu®
ÁÇ[Rk :
6.4.2006 – 250 A»SPÒ
10.4.2006 – 400 A»SPÒ
14.4.2006 – 500 A»SPÒ
‰»¨ö£õ¸Ò ~PºÄ ©v¨¤øÚ Ph¢u Põ»zvØS LIFO ©ØÖ® FIFO
•øÓ°À PnUQkP.
3. A manufacturing concern has three production departments and
two service departments. The departmental expenses were as
follows :
Production departments Rs.
A 16,000
B 13,000
C 14,000
Service departments
X 4,000
Y 6,000

The service department expenses arc charged out on a

percentage basis viz.

A B C X Y

Department X 20% 25% 35% – 20%

Department Y 25% 25% 40% 10% –

Prepare a statement of secondary distribution under repeated
distribution method.
Kº EØ£zv {Ö©zvÀ ‰ßÖ EØ£zv xøÓPЮ ©ØÖ® Cμsk
÷\øÁ xøÓPЮ EÒÍÚ. Auß xøÓÁõ›¯õÚ ö\»ÄPÒ
¤ßÁ¸©õÖ.
EØ£zv xøÓPÒ ¹.
A 16,000
B 13,000
C 14,000
÷\øÁz xøÓPÒ ¹.
X 4,000
Y 6,000

÷\øÁzxøÓ ö\»ÄPÒ ¤ßÁ¸® ÂQuõa \õμzvÀ £Qº¢x

AÎUP¨£kQÓx.
A B C X Y
xøÓ X 20% 25% 35% – 20%
xøÓ Y 25% 25% 40% 10% –

Cμshõ® {ø» £Qº©õÚzvøÚ v¸®£v¸®£ £Qº©õÚ •øÓ°À

AmhÁønø¯ u¯õº ö\´P.

2 U/ID 1891/PZR
4. From the following particulars calculate the labour cost per
man-day of 8 hours
(a) Basic salary Rs. 5 per day
(b) DA : 20 paise per every point over 100 cost of living index
for workers current cost of living Index is 800 points.
(c) Leave salary : 5% of (a) and (b)
(d) Employer’s contribution to P.F. 8% of (a) and (b)
(e) Employer’s contribution to ESI : 5% of (a), (b) and (c)
(f) Number of working days in a month: 25 days of a 8 hours
each.
¤ßÁ¸® £μ[PøÍU öPõsk J¸ öuõÈ»õÍ›ß |õÒ JßÔß
AhUPzvøÚU PnUQkP. |õÒ JßÖUS ÷Áø» ÷|μ® 8 ©oPÒ.
(A) Ai¨£øh \®£Í® |õÒ JßÖUS ¹. 5
(B) APÂø»¨£i ¦ÒÎ JßÖUS 20 ø£\õ ÁõÌUøP AhUP
SÔ±k 100US ÷©À |h¨¦ ÁõÌUøP SÔ±k 800 ¦ÒÎPÒ.
(C) Âk¨¦ \®£Í® (A) ©ØÖ® (B) «x 5%.
(D) ÷\©{vUS £o AΨ£Á›ß £[PΨ¦ (A) ©ØÖ® (B) «x
8%.
(E) ©õ{» öuõÈ»õͺ Põ¨¥miØS £o AΨ£Á›ß £[PΨ¦
(A), (B) ©ØÖ® (C)°ß «x 5%.
(F) A¢u ©õuzvß ÷Áø» |õmPÎß GsoUøP 25 |õmPÒ 8 ©o
÷|μ® Ãu®.
5. Explain the various assumptions of Marginal costing.
Âή¦ AhUP¯¼ß £À÷ÁÖ AÝ©õÚ[PøÍ ÂÍUSP.
6. Distinguish between job costing and contract costing.
£o AhUP Âø» PnUQ¯¾US® ©ØÖ® J¨£¢u PnUQ¯¾US®
EÒÍ ÷ÁÖ£õkPøÍ u¸P.
7. Margin of safety ratio is 20%
Profit volume ratio is 60%
Fixed cost Rs. 60,000
Find out :
(a) BEP sales
(b) Actual sales for the year
(c) Variable cost for the year
(d) Profit for the year.

3 U/ID 1891/PZR
 £õxPõ¨¦ GÀø» ÂQu® 20%
£[PΨ¦ ÂQu® 60%
{ø» AhUP® ¹. 60,000
PõsP :

(A) \›\©¦ÒÎ ÂØ£øÚ

(B) A¢u Bsiß Esø©¯õÚ ÂØ£øÚ

(C) A¢u Bsiß ©õÖ£k® AhUP Âø»

(D) A¢u Bsiß C»õ£®.

8. From the following information, prepare process cost accounts

and normal loss, abnormal loss or gain accounts.
Process A Process B
Rs. Rs.
Material 30,000 3,000
Labour 10,000 12,000
Overheads 7,000 8,600
Input (units) 20,000 17,500
Normal loss 10% 4%
Sale of waste per unit (Rs.) 1 2
Final output from process B (units) – 17,000

¤ßÁ¸® uPÁÀPøÍU öPõsk £i•øÓ PnUSPøͲ® \õuõμn

|mh P/S ©ØÖ® A\õuõμn |mh® AÀ»x C»õ£® P/S u¯õº ö\´P.
£i•øÓ A £i•øÓ B
¹. ¹.
‰»¨ö£õ¸mPÒ 30,000 3,000
T¼ 10,000 12,000
÷©Øö\»ÄPÒ 7,000 8,600
EÒÏk (A»SPÒ) 20,000 17,500
\õuõμn |mh® 10% 4%
PÈĨö£õ¸mPÒ ÂØ£øÚ A»S JßÖUS 1 2
CÖv öÁΨ£õk £i•øÓ ‘B’°À A»SPÒ – 17,000

4 U/ID 1891/PZR
 SECTION B — (3  20 = 60 marks)

Answer any THREE questions.

9. From the following Profit and Loss account and additional

information given. Prepare cost sheet and reconciliation
statement.

Profit and Loss account

Rs. Rs.
To Opening stock 8,000 By Sales 1,85,000
To Purchases 52,000 By Closing stock 15,000
To Wages 28,000
To Factory expenses 12,000
To Admn. Expenses 10,000
To Selling expenses 14,000
To Patents (written off) 6,000
To net profit 70,000
2,00,000 2,00,000
In costing, opening materials were shown at Rs. 7,000. The
factory overheads were absorbed at Rs. 14,000. Administration
overhead charges 10% of works cost and selling overhead was
10% of sales.

¤ßÁ¸® C»õ£ |mh PnUS ©ØÖ® TkuÀ uPÁÀPÒ

AÎUP¨£mkÒÍÚ. AhUP £mi¯À ©ØÖ® \›UPmk® £mi¯ø»²®
u¯õº ö\´P.
¹. ¹.
öuõhUP \μUS 8,000 ÂØ£øÚ 1,85,000
öPõÒ•uÀ 52,000 CÖva\μUQ¸¨¦ 15,000
T¼ 28,000
öuõÈØ\õø» ö\»ÄPÒ 12,000
{ºÁõP ö\»ÄPÒ 10,000
ÂØ£øÚa ö\»ÄPÒ 14,000
¦Úº E›ø© (÷£õUöPÊv¯x) 6,000
{Pμ C»õ£® 70,000
2,00,000 2,00,000

ö\»ÂÀ, öuõhUP EØ£zv ö£õ¸mPÎß ©v¨¦ ¹. 7,000.

£v¯¨£mh EØ£zv ö\»ÄPÒ ¹. 14,000. ÷©»õsø© ö\»Ä ÷Áø»
ö\»ÂÀ 10 \uÂu•®, ÂØ£øÚ ö\»Ä ö©õzu ÂØ£øÚ°À 10
\uÂu•® ©v¨¤h¨£kQÓx.

5 U/ID 1891/PZR
10. Two components A and B are consumed as follows :
Normal usage – 100 units per week each
Minimum usage – 50 units per week each
Maximum usage – 150 units per week each
Re-order quantity : A 400 units
B 600 units
Re-order period : A 6 to 8 weeks
B 3 to 5 weeks
Calculate for each components :
(a) Minimum level
(b) Maximum level
(c) Average stock level.
A ©ØÖ® B BQ¯ Cμsk ö£õ¸mPÒ ~PºÄ ¤ßÁ¸©õÖ :
\õuõμn £¯ß£õk – Áõμ® JßÖUS 100 A»SPÒ
SøÓ¢u£m\ £¯ß£õk – Áõμ® JßÖUS 50 A»SPÒ
E¯º¢u£m\ £¯ß£õk – Áõμ® JßÖUS 150 A»SPÒ
©Ö Bøn AÍÄ A – 400 A»SPÒ, B – 600 A»SPÒ
©Ö Bøn Põ»® A – 6 – 8 Áõμ[PÒ, B – 3 – 5 Áõμ[PÒ
JÆöÁõ¸ ö£õ¸mPÐUS® PnUQkP.
(A) SøÓ¢u AÍÄ
(B) Ea\ AÍÄ
(C) \μõ\› \μUS AÍÄ.

11. From the following particulars, calculate the earnings of workers

A and B under piece rate system and Taylor’s differential piece
rate system.
Standard time allowed – 10 units per hour
Normal time rate per hour – Re. 1
Differential to be applied
80% of piece rate when below standard
120% of piece rate at or above standard
In a day of 8 hours A produced 75 units
B produced 100 units.

6 U/ID 1891/PZR
 ¤ßÁ¸® uPÁÀPøÍU öPõsk öuõÈ»õÎ A ©ØÖ® B BQ÷¯õ›ß
Dmk® öuõøP°øÚ ÷Áø» ÃuU öPõÒøP •øÓ°¾® ©ØÖ®
öh´»›ß ©õÖ£õmk ÷Áø» ÃuU öPõÒøP •øÓ°¾® PnUQkP.
AÝ©vUP¨£mh {ø»¯õÚ ÷|μ® ©o JßÖUS 10 A»SPÒ
\õuõμn ÷|μ Ãu® ©o JßÖUS ¹. 1
A[RP›UP¨£mh ©õÖ£õkPÒ.
{ºn°UP¨£mhuØS SøÓÁõP EÒÍ ÷£õx A»S Âø»°À 80%
{ºn°UP¨£mhuØS AvP©õP EÒÍ ÷£õx A»S Âø»°À 120%
|õÒ JßÖUS 8 ©o ÷|μ® A °ß EØ£zv 75 A»Qß B °ß EØ£zv
100 A»SPÒ.

12. Kali manufacturing company’s product passes through two

distinct processes A and B and then to finished stock. The
normal loss is estimated as follows.
Process – A – 5% of input
Process – B – 10% of input
The scrap value of the loss in process A s Rs. 8 per 100 units and
process B is Rs. 10 per 100 units. The process figures are :

Process A Process B

Rs. Rs.

Materials 3,000 1,500

Wages 3,500 2,000

Factory expenses 1,000 1,000

5,000 units were introduced into process A cost Rs. 2,500. The
outputs were
Process A – 4,700 units
Process B – 4,300 units
Prepare process cost accounts showing the cost of the output.

PõÎ EØ£zv {ÖzvÀ ö£õ¸mPÒ Cμsk £i•øÓPÍõÚ A ©ØÖ®

B °øÚ Ph¢x Á¸QÓx. Auß ¤ÓS •iĨ ö£õ¸ÍõP ©õÖQÓx.
\õuõμn |mh® ¤ßÁ¸©õÖ :
£i•øÓ A – EÒÏmiÀ 5%
£i•øÓ B – EÒÏmiÀ 10%

7 U/ID 1891/PZR
 £i•øÓ A °ß PÈÄ 100 A»SPÒ ¹. 8 Ãu•® ©ØÖ® £i•øÓ
B°ß 100 A»SPÒ ¹. 10 Ãu® ÂØP¨£kQÓx.
£i•øÓ A £i•øÓ B
¹. ¹.
‰»¨ö£õ¸Ò 3,000 1,500
T¼ 3,500 2,000
öuõÈØ\õø» ö\»ÄPÒ 1,000 1,000
£i•øÓ A °À AÔ•P¨£kzu¨£mhx 5,000 A»SPÎß AhUP®
¹. 2,500. öÁΨ£õk Á¸©õÖ.
£i•øÓ A – 4,700 A»SPÒ
£i•øÓ B – 4,300 A»SPÒ
£i•øÓ AhUP PnUQøÚ²® ©ØÖ® öÁΨ£õmiØS›¯
AhUPzvøÚ²® u¯õº ö\´P.

13. Abirami Furniture House places before you the following trading
results.
Period Sales Profit
Rs. Rs.
2012 20,000 1,000
2013 10,000 400
Calculate
(a) P/V Ratio
(b) Fixed cost
(c) BEP
(d) Profit when sales are Rs. 30,000
(e) Sales required to earn a profit of Rs. 2,200.
A¤μõª AøÓP»ß ÁÍõP® ¤ßÁ¸® ¯õ£õμ •iÄPøÍ
AÎzxÒÍx.
Põ»® ÂØ£øÚ C»õ£®
¹. ¹.
2012 20,000 1,000
2013 10,000 400
PnUQkP :
(A) £[PΨ¦ ÂQu®
(B) {ø»¯õÚ AhUP®
(C) C»õ£ |mh©ØÓ ¦ÒÎ
(D) ÂØ£øÚ ¹. 30,000 EÒÍ÷£õx Auß »õ£®
(E) C»õ£® ¹. 2,200 DmkÁuØS ÷uøÁ¯õÚ ÂØ£øÚ AÍÄ.
––––––––––––––
8 U/ID 1891/PZR