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MGU CBCSS March 2018 Sixth Sem Question Paper Applied Cost Accounting CBCSS Goodwill Tuition Centre 9846710963 9567902805
MGU CBCSS March 2018 Sixth Sem Question Paper Applied Cost Accounting CBCSS Goodwill Tuition Centre 9846710963 9567902805
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B.Com. DEGREE (C.B.C.S.S.) EXAMINATION, II{ARCH 2018
. Sixth Semester
.{ :.
Csre Course - APPLIED COST ACCOIJNTING
(Common for Co-operation, Finance and Taxation and Tlavel and Tourism)
[For Private Registration Candidates]
Time : Three Hours MuimumWeight: 25
Instruction s: This question paper contai1tstwo sectio ns. AnswerSection questions in the I
answer-book prbuid.ed. Section II Internal Examinationque,stions rnust be answered, in the
question paper itself. Follow the detailed instructions giuen under Section II.
Answers may be writteneither in English ot in Malayalarn.
Section I
Pem A
Answer all questions.
Each bunch of four questions carries a weight of L.
L Choose the correct answers :
,!
7. Under job costing, each job is known by its (' t t t"'t'
8. Pharmaceuticals Company adopt, J,{.@,l&t*sting.
m. State whether the following statements are True or False :
9. The cost'of abnormal process loss is not included in the cost of process. ,/
10. The allocdtion ofjoint costs to joint and by-products does not affect theiotal profit or loss^7
11. In absorption costing, the valuation of stock is higher than in marginal costing. +.
12. At break-even point, contribution is equal to fixed cost. /
fV. Match the followirrg :
(5x1=5)
Penr C
Answer any four questions.
Each questioru ca,rries a weight of 2.
. starts a production run he can produce 25,000 paper cones per day. The cost ofbuilding a
paper cone in stook for one year is 2 paise and the set up cost ofa production run is Rs. 18.
How frequently should production run be made?
rY-,
[z/. )me following data is given :
(4 x 2 = 8)
Pem D
Answer any loivo questinns.
Each question carries a weight of 4.
31. Explain the various methods and techniques of Costing.
32. In the course of manufacture of the main product'P', by products'A' and'B'also emerge. The
joint expenses. of manufacture amount to Rs. 1,19,550. All the three products are processed
further after separation and sold as per details given below :
%
Main Product By-products
.P' ,A' ,B'
Turn over
ffi:,,:'::,,,, >r
20'688
Direct labour
,r
wr 1 ,02,400
- 1,55,360
L,76,049
Having regard to possible impact on sales turnover by market trends the company decided to
have a flexible budget with a production target qtg€90-""d 4,800 units (the actual quantity
proposed to be produced being left to a later date before commencement of the budget period).
Prepare a flexible budget for production levels at SOVo and, TS%o.capacity.
Assume selling price per unit is maintained at Rs. 40 as at present, indicate the effeet on
net profit. I
(2 x 4 = 8)