bachelor's degree programme term-end examination … · · 2017-08-02bachelor's degree...
TRANSCRIPT
ECO-010 No. of Printed Pages : 7
BACHELOR'S DEGREE PROGRAMME
Term-End Examination
%-1 June, 2017
r-- LS) ELECTIVE COURSE : COMMERCE
C:) 00 ECO-010 : ELEMENTS OF COSTING
Time : 2 hours Maximum Marks : 50
(We ightage 70%)
Note : Attempt any two questions from Section - A and
any two questions from Section - B.
SECTION — A
1. Discuss the possible difficulties and the factors to 4, 6 be considered before installation of a system of costing in a manufacturing concern.
2. (a) Explain meaning of fixed, variable and 5, 5 semi-variable costs with examples.
(b) State the main advantages of the perpetual inventory system.
3. Write short notes on any two of the following : 5, 5 (a) Process costing
(b) Labour turn over
(c) Decentralised purchasing of materials
(d) Time wage system
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SECTION - B
4. From the following information, prepare a cost 15 sheet showing :
(a) Prime cost
(b) Cost of production
(c) Cost of sales and
(d) Profit
Z
Purchase of raw material 1,32,000
Direct wages 1,10,000
Carriage inwards 1,584
Works on cost 40,480
Stock on 1-1-2015 :
Raw materials 22,000
Finished Products (1, 600 tons) 17,600
Selling and distribution expenses 18,000
Stock on 30-06-2015 :
Raw materials 24,464
Finished products (3, 200 tons) -
Sale of finished products 3,30,000
25,600 Tons were produced during the period from 1-1-2015 to 30-6-2015.
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5. From the following figures, prepare a 15 Reconciliation statement and find out the profit as per financial accounts.
Particulars Net profit as per the cost accounts 1,72,400 Works overheads under recovered in costing books 3,120 Administrative overheads over- recovered in cost accounts 1,700 Depreciation charged in financial a/c 11,200 Depreciation charged in cost accounts 12,500 Interest received but not included in cost accounts 8,000 Income tax recorded in financial accounts only 40,300 Bank interest credited in financial accounts only 750 Depreciation of stock charge in financial accounts only 6,750
6. (a) From the following information,
(i) Reordering level (ii) Minimum stock level and (iii) Maximum stock level Re-order quantity Time required for delivery Maximum consumption
Minimum consumption
Normal consumption
(b) How
calculate : 10, 5
30,000 units 2 - 4 weeks 8,000 units per month 3,000 units per month 5,000 units per month
would you ascertain the profit of an incomplete contract ? Explain with an example.
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1.-p1-.31-1.-010
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i-lAid 1.-RI-1T
-9', 2017
..r----.W 41c5,t44.0-1 : c11161\rei
.7:ft.34. -010 : (11+11 c)(51 "k 1 cTfc
771:2 Frri -
3iNW -d7 3 : 50
(TO' --f 70%)
-1l : &us--w#. #7)•w -f 21-4- -27Totiss-ur #4- qh WI /
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fw-i a-)18-liqf r -11 4-1-11T7if 45(11 t?
2. (a) f27, Ilfcd-d1 2.TE 3Tq-1:1-Frqt cii ii1 eh1 aqIlif 5, 5
Tir--0 cqRsil --rEA7 I
(b) r-itch glo-T0-17uTMI' (Perpetual inventory
system) t .1 9-ff 3- 7§1. --If77 I
3. F-14--iFoRAcr 14 A fit t IR 7,11-i7r re.--libigi Th-t17 : 5, 5
(a)7F-WzIT 01 1 11 figi-Tur trzt
(b) r aim-4 (Labour turn over)
(c) TIPTIt .T1 Fc41 =pci shy
(d) -I 4-Riit-iR 1:1771. T-1-4fff
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taus -
4. 1 4 1 rrl tqcf "qq71311 31TVIT :
(a) to ritim
(b)
(c) f"-4-wq 2.1T
(d) .911T 741M 7 -crw rwicf f4471 -4•177
z
chi NM WI{ 1,32,000
1c TRO 1,10,000
31rrru 1,584
tRat dLificiq 40,480
1-1-2015 1:{ k-dich :
cfrucii 4-ito 22,000
NTT Hie (1,600 zr) 17,600
fqWz1 fdcIIT 'VT 18,000
30-06-2015 IR :
cb -u--c41 iiIri 24,464
ilitkl4T (3,200 Z7)
1-110 fdWzr 3,30,000
1-1-2015 ti 30-6-2015 ardfiT ti -1 25,600 Z7
141(4 ac4Ic i `chit TRIT I
15
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5. 1:11-irrir(gc, 3-fM( t 3-11g7 IR -i+-iitirff fq7711 1-717 15
W—A7, 72TT f--1-9-17 -di t 3T-1-Trr-{ -rii. --1 Trt 7ild
.--1-r---47 1
01 4 Id -di t 3T7R fi-d7 -ffriT 1,72,400
rilild 14 * 3400,--11). 'TT 3-T71
31-a-vfrEfor 3,120
c-ii+Ict -4 k1 ,-1 64 . ,De.v.i 3-ifr
tu7 TR 1,700
fq-th--zr -di -4 twit iN 4-riw-1 iPI 11,200
01 4 11 Z4 14 tUrt 1 141 4-1c-1Vq oh) Trt 12,500
-5177f vfT7 chl Trt clincr -df 4 -0 turt -
iiq 8,000
3171 chk t-d.. fq-tzt -4 -k4:§117 1177 40,300
tYw - 4 -51-rt?r :1-r7 Trt -- r ta-7 fa-t-zr
turzrr -FRP 750
.-e.:1.1, 4t-qvg
term TIM 6,750
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6. (a) 1-1 1--Irrifigi 1:07T311 t 311%7 TIT :
10, 5
(i) Tiuk-vr 41 1 11
(ii) -9.-d14 *-e-1 + 4l Hi, 7 241
(iii) 3-Trw-d-Tr k-dict) 414-if iluvir 1fqi
771t7T I-11 ,11 30,000 *T" -Ttz1T
7471t Tf7f7 Tref obt4 2 - 4 tii-cil
oh 374fq
31-ftr-*-d-7 74(447-r 8,000 TT-rtzri
i;ifff TrFr
-d.14 7crli-1-1-r 3,000 T*Ttzft
MI6 -77
ti1 1-11-4{ 3111)7 5,000 7*--rtzti
-9-ru -rim
(b) .1-> aqui a tr-t 31m cii.-ct fa ct) - 13.T t-74 qito
.4) . ' ? dqltul Tir0 cq1t9e41 1-r77 I
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