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Cost_&_MGT_Accounting'08 - -sr.nwan Correspondents...

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Unformatted text preview: .:-sr.nwan Correspondents Cottage 11': 2?, 1 Floor, Park Read, . Thulasi Thotam, Hear Majestic Ear'lgabre - 560 053 Ph: USO-22371541, 65584820 Directorate of Correspondence Course COST AND MANAGEMENT ACCQUNTING 1 Time : 3 Hours PART — A Answer any TWO questions. 5 marks each. 1. What are the features of process Costing ? 2. Explain briefly the techniques of financial analysis. DBC — 240 Third Year B.B.M. Degree Exarnination, August/September "2008 - Max. Marks : 70 3. In process A, 100 units of raw materials were introduced at a cost of Rs. 10,000. Wages and other expenses amounted to Rs. 6020. 10% of the input are normally lost in manufacturing process and they ossess a scrap value of Rs. 30 each. The output of this process was 75 \units. Prep e process A account. 4. With the help of following data, a) PN Ratio and b) BEP ' -- Direct Materials _ Direct Labour Fixed Overheads Variable overheads Sales Answer any 5. Then-expenses L1 go 6 are given below : Materials Rs. 140 per unit Labour _ Rs. 50 per unit Variable factory overheads Rs. 20 per unit Fixed factory overheads Rs. 1,00,000 Other variable overheads Rs. 10 per unit Selling expenses (10% fixed) Rs. 25 per unit Distribution expenses (25% fixed) ‘ Rs. 15 per unit - Administration expenses (Rs. 80,000 fixed) Rs. 8 per unit Prepare a budget for the production of 6,000 units and 8,000 units. or pro no on o ,' mu 5 111 a ancy annent Factory P.T.O. DBC.._— 240 _ - 72- 6. From the following particulars prepare cost sheet. Rs.- Opening stock of finished goods 9,750 (i. Closing stock of finished goods 11,100 ; Raw materials purchased 35,250 Carriage on materials purchased 850 . : Direct wages 1 8,450 ., ; Factory expenses _ 2,750 Selling expenses 2,450 ' ' Office on cost 1,850 Sales - - 75,000 _Sale of scrap ' 250 7. Following is the Balance Sheet of 19¢? td., Liabilities #5 \ Assets . Rs. Equity share capital 2 ,00,0 0 ' V'and‘Equipment 12,50,000 Retained earnings ,@0 00 L__ ' 5,00;0‘0'0 Sundry creditors @00000 Sn" 459,000 Bills payable _ Q? ,50,0.00 Stoc 7,00,000. Other current liabilitie} 50§§Qfi§§§fls R- - 1,50,000 10,000 40,000 31,00,000 Other- information : ' __ _ Sales Rs. 50,00,000; Gross profit Rs. 11,50,000 and Net profit was 5% on sales. Calculate : 1) Gross Profit ratio 2) Net Profit ratio - 3) Current ratio 4) Acid test ratio 5) Stock turnover ratio 6) Debtors Turnover. ratio. _ . rat's-an Correspondence {allege it 27, 1 Floor, Park. Road. Thulasi Thclam. Near Majestic Ph: 030-2287154 , 65584820 and cost accounting. 9. Explain the functions of purchase department. g PART — C Answer any TWO questions. 15 marks each; to. Prepare stores Ledger Account under FIFO method and LIFO method. 3.3.08 Opening stock 300 units at Rs. 2 per unit ' 2.3.08 Issued 200 units 7.3.08 Purchased 100 units at Rs. 2.20 per unit 9.3.08 Issued 100 units ‘ /\ 15.3.08 " Purchased 150 units at 1; . 2.40\per unit 18.3.08 Issued 90 units / 20.3.08 Issued 10 units ifs, aft 25.3.03 35% s 2.50 pgt‘fip 30.3.08 _\”§8 ~ .7 31.3.08 he? an aggpé‘gm Efiééu I“ ;_ Em .- . 9%} mg. 1. M/s Kheni constgzictio s undertook- a contrac on x107 for a price of Rs. 15,00,000. Fr the/following particulars prepar a (30‘ ct account for the 3—...m—“A year ended 31.. . _. _ ' 838 Materials purchased 1,45 ,000 . Materials issued to site 50,000 Wages paid 1,40,000 Direct expenses 4,000 'Materials returned 4,000 Materials at site at the end 10,000 3' Plant installed 60,000 Overhead charges , 9,000 Bang-store _. so 053 BBC —- 240 ...
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