Roll No.

Annual Examination
B.Com. (IInd Year)
Cost Accounting
Time: 3 Hours.
INSTRUCTIONS:

Max. Marks: 100

Question paper is divided into three groups.

Figure to the right in bracket indicates mark.
Assume suitable data if necessary.

GROUP A: Answer any three questions. (Question No. 1st is compulsory)

3x10=30
Q.1 State the five objectives of cost accounting.
Q.2 How are costs classified on the basis of behavior?
Q.3 What do you mean by B.E.P. (Break-Even Point)?
Q.4 Distinguish between Marginal and Absorption costing.
Q.5 What do you understand by zero based budgeting? Explain.

GROUP B: Answer any three questions. (Question No. 10th is

compulsory)

3x15=45

Q.6 Explain the features of cost-sheet. What advantages accrue

from a cost-sheet? Discuss in detail.

Q.12 Multiple question. ( Each question carries 2 marks) 2X5=10

Q.7 What are the advantages of cost accounting?
Q.8 Do you agree with the view that Management Accounting and
Cost Accounting is indistinguishable? Explain the difference
between Management Accounting and Cost Accounting.
Q.9 What are the various method by which you would split semivariable cost into fixed and variable elements?
Q.10 Mrs. Neetu & Anchal furnishes the following data relating to
the manufacturing of a product during the month of Aprail,2015.
Particular
Raw Materials consumed
Machine Hours Rate(Rs.)
Machine Hours Worked
Direct Labour Charges

Rs.

15,000
5
900
9,000

Particular

Rs.

Selling Overheads
Administrative Overhead
Units Produced
Units sold Rs. 4/unit

0.50 /unit
20% on work cost
17,100
16,000

You are required to prepare a costsheet from the above data

showing (i) Profit /unit (ii) Cost of production and profit for the
period.
GROUP C: All questions are compulsory.
Q.11 Fill in the blanks. (Each question carries 2 marks)
I.
II.
III.
IV.
V.

(i) Cost sheet is based on system.

(a) Double entry (b) Output (c) None of the above
(ii) P/V ratio can be improved by ..the selling price.
(a) Decreasing
(b) Increasing (c) None of the above
(iii) Differential costing is a form of..
(a) Controlling
(b) None of the above (c) Budgeting
(iv) How many elements of cost?
(a) 1
(b) 3
(c) 5
(v) Classification of accounting is.parts.
(a) 2
(b) 3
(c) 5
Q.13 True or false. (Each question carries 1 Marks)

With the help of cost sheet, to teal cost and ..can be easily
found out.
is usually a long term budget.
Cost sheet is prepared for a period.
Direct materials + Direct labour + Direct expenses=..
Salesman salary is cost.

1x5=5

a) Cost accounting is useful only in such organizations as have profit

as the aim.
b) Supervisors salary is a direct labour cost.
c) Cost sheet is generally prepared under single or system.
d) Cost sheet does not help in making comparative study.
e) A firm earns profit when sales are above the B.E.P.

***
2x5=10