Cost Accounting — DU B.A. (V.S.) Small And Medium Enterprise Previous Year Question Papers

Show your working notes as part of your answer. In case of any discrepancy in the language, questions printed in English will prevail. 1. Explain the meaning, scope, objectives, and advantages of Cost Accounting. Analyse how it differs from financial accounting in practical situations. 2. Compare and evaluate Financial Accounting and Cost Accounting in terms of purpose, users, and decision-making relevance. A manufacturing concern réquires a statement showing the result of its production, operation for September, 2024. Cost records give the following information: Ist Sept. 2024 30th Sept. 2024 Raw Materials 1,00,000 1,23,500 Finished. Goods 71,500 42,000 Work in Progress 31,000 34,500 Transactions during the month of Sept., 2024. Purchase of Raw Materials 7 88,000; Direct Wages $ 70,000; Indirect Wages 7 2,500; Works Expenses 7 37,000; Administration Expenses F 13,000; Sale of Factory crap Y 2,000; Selling and Distribution Expenses ? 15,000; Sales 1 fantar 2024 30 FAR 2024 Win raf 71,500 42,000 ; 4. Following transactions occurred in purchases and issue of material in an organisation during October, 2025 : Receipts dated Quantity Rate 4-10-2025 200 units · 24.00 per unit 10-10-2025 150 units $ 23.00 per unit 18-10-2025 100 units $ 24.00 per unit 22-10-2025 100 units F 23.50 per unit The stock on 1-10-2025 was 200 units @?25.00 per unit. Prepare the Stores Ledger Account first by adopting FIFO method of charging material issued and secondly by LIFO method. Fun fare 5. Calculate the earnings of workers A and B under Straight Piece Rate - System and Taylor's Differential Piece Rate System from the following particulars: Normal rate per hour 2.40: Standard time per unit 30 seconds. Differentials to be applied : 80% of piece rate below standard; 120% of piece rate at or above standard. Worker A produces 800 units per day and worker B produces 1,000 units per day. (7) Fei Me te sue (Straight Piece Rate System) (a) de a fata de de ye (taylos Differential Piece Rate System) 6. Akshita Ltd. has three production departments A, B and C' and two service departments D and E. Following figures are extracted from the records of the company : Rent and Rates F 5,000; Indirect Wages F 1,500; Depreciation of Machinery ¡ 10,000; General Lighting F 600; Power F 1,500; Sundries & 10,000. : Following further details are available : Production Service Departments Departments Floor Space 10,000 2,000 2,500 3,000 2,000 500 Light Points 60 10. 15 20 10 5 Direct Wages 10,000 3,000 2,000 3,000 1,500 500 Apportion the costs to various departments on the most equitable basis by preparing a Primary Departmental Distribution Summary. Far Far factur A B C D E FiN HP: 150 60 30 50 10 NIL ention farrie far zi (Primary Departmental Distribution Summary) Her