COST ACCOUNTING

Sub Code : 14BBM307

SECTION -A

1. i.Cost finding ii.Control of cost iii.Cost reduction iv.Fixation v.Framing business policy
2. i.Material ii.Labour iii. Expenses.
3. Prime cost Rs.14,500 Factory cost Rs.16,000 Cost of Production Rs.17,000 Cost of sales
Rs.17,300, Profit Rs.2,700
4. EOQ- 2,500 Kgs, No.of. orders to be placed p.a-4 orders.
5. Maximum level- 13,800, Minimum level 6,300 , Average level -10,050 or 7,800 units
6. Separation method -2.5%, Replacement method 1.5% ,Flux method -4%
7. Direct material percentage rate-83.33%, Direct wages percentage rate 125%, Prime cost
percentage rate -50%, Labour hour rate Rs.2 per hour, Machine hour rate Rs.1 per hour
8. Total overhead of production department A-68,880, B-Rs.36,920

SECTION -B
9. (a)i. Job costing ii. Contract costing iii. Batch costing iv. Process costing v. Operating
costing vi.operation costing vii.unit costing viii. Abc costing
(or)
(b). Prime cost Rs.1,57,000, Factory cost Rs.1,85,000, Cost of production Rs. 2,22,945,
Total cost Rs.2,28,825
10. (a) 3,000 units at Rs 5.4863 per unit = Rs.16,459
(or)
(b).Level of performance of workers standard production per hour -40 units , Piece rate
for X- 9.60 per units , Y- Rs.14.40 per unit, Straight piece rate system X- R.360, Y- Rs.600
Taylors differential rate for X Rs.288, Y-Rs.720

11.(a) Overhead of Departments A-Rs.15,100, B: Rs.14,400, C-Rs.19,300, D-Rs.7,750, ERs.2,650

(Or)
(b). Total overhead P1-Rs.13,362 , P2-Rs.9,871, P3-Rs.9,592