Cost Accounting Question paper' 2022 | GU 4th Sem (Honours/Regular) CBCS | Gauahti University

Here in this Post we have posted GU Cost Accounting Question paper 2022 B.COM 4th sem Under CBCS Pettern for both (Hounrs/Regular)
Cost Accounting Question paper' 2022 | GU 4th Sem (Honours/Regular) CBCS | Gauahti University

[Gauhati University Cost Accounting Question paper 2022 B.COM 4th sem under CBCS Pettern




Paper: COM-HC-4016/COM-RC-4026

(Cost Accounting)

Full Marks: 80

Time: hours.

The figures in the margin indicate full marks for the questions.

Answer the following as directed: (any ten) 1x10=10

(a) Costing is a technique of _______cost. 

(Fill in the blank with appropriate word)

(b) Cost accounting is based on figures.

(Fill in the blank with appropriate word)

(c) Variable cost per unit remains constant. 

(State whether the statement is true or false)

(d) Wages paid to factory supervisor is overhead.

 (State whether the statement is true or false)

(e) Re-ordering level = Minimum consumption Minimum re-order period. 

(State whether the statement is true or false)

(f) Which methods of valuing materials is suitable in terms of rising prices ?

  1. LIFO

  2. FIFO

  3. HIFO

  4. FILO

(g) In which industry process costing is not used?


(ii) Textiles 

(iii) Cement 

(iv) Oil refinery

(h) An abnormal loss is

(i) due to the nature of process

(ii) due to the abnormal factors

(iii) None of the above two 

(i) Costing provides all of the following information, except_____.

(Fill in the blank from the following options)

(i)product costs 

(ii) cash forecasts

(iii) inventory value

(iv) cost of goods sold

(j) Define the term 'costing'.

(k) What is idle time?

(l) What is meant by cost-plus contract?

(m) Write the meaning of 'imputed cost' in Cost Accounting.

(n) What is meant by Cost Ledger Accounting ?

(O) Identify the types of Specific Order

Costing :

(i) Batch costing

(ii) Job costing

(iii) Process costing

(iv) Both (i) and (ii)

2.Answer the following questions : (any five) 2x5= 10

(a) Write any two distinguishing features of cost unit and cost centre.

(b) What is economic order quantity ?

(c) State the meaning of overtime.

(d) State two features of indirect labour. 

(e) State two important features of contract costing. 

What is meant by 'minimum level' in stock control ?

(g) What is machine hour rate ?

(h) What is meant by absorption of overheads?

Guhati University Cost Accounting Question Paper 2022 August 20 B.COM 4th Sem (Honours/Regular)

3.Answer any four of the following questions: 5×4=20 

(a) Write five differences between Financial Accounting and Cost Accounting.

(b) Write a short note on ABC analysis of inventory control. 

(c) Black and White manufacture and sell 'Dirt Buster'. Following details are available for the year ending on 31/03/2022:

Direct Materials               12,30,000

Direct Wages.                   800,000

Factory expenses at 25% of prime cost

Administrative expenses at 20% of factory cost

Selling and distribution expenses at ₹ 300 per unit

Opening stock of finished goods (100 units) at ₹ 2,53,750 and closing stock of finished goods 80 units. Number of Dirt Busters sold during the period 1,220 unit at ₹ 4,000 per unit.

Prepare Cost Statement showing cost of production per unit and profit.


Following information relating to a type of raw material is available: 

Annual demand               ₹4,800 unit

Unit price                         ₹4.80

Ordering cost per order   ₹8.00

Storage cost   2% per annum

Interest rate   10% per annum

Lead time.       Half month

Calculate EOQ and Total Inventory Cost in respect of the particular material. 3+2=5

(e) How is profit of an incomplete contract ascertained ? Explain.

(f) Explain the needs for reconciliation of cost and financial accounts.

(g) Explain the concept of perpetual inventory system as a technique of effective material control.

(h) Mention five special features of a good costing system.

4. Answer any four of the following questions: 10×4=4

(a) What is cost accounting? Explain the objectives of cost accounting. 3+7=10

 (b) Bishal is employed in a factory. From the following information, calculate his earning per day under

(i) straight piece rate; and

(i) Taylor's differential piece rate system. Normal rate per hour 90.00. Standard time per unit 60 seconds.


80% of piece rate below standard

120% of piece rate above standard Production achieved: 500 units per day.

(c) Briefly describe two remuneration plans together with their advantages and disadvantages.   5+5=10

(d) A product passes through two processes.

 The details are as below:




Unit produced


Cost per unit (in Rupees)


Other Materials 









Normal loss (% in input)



Scrap Vlaue



Actual out put (in units ) 



Prepare process 1 and process 2 account also ascertain cost per unit.

(e) What is material control ? Explain the purchase procedure to be maintained under material control system. 2+8=10

(f) What is labour turnover ? What are various causes of labour turnover ? Explain in brief.   3+7=10

(g) Discuss various bases for apportionment of overheads to cost centres.

(h) What is job costing? What are the source documents used in job costing? Explain the procedure of job costing. 3+7=10

(i) What is abnormal loss? State the causes of abnormal loss. Also explain the procedure of calculating abnormal loss in process costing. 2+2+6=10

(i)The following are the summary of transactions obtained from the costing records of Champa Company.

Direct wages (cash).  30,000

Indirect wages (cash). 20,000

Purchases (cash) 20,000

Puchases (credit) 40,000

Stores issued against production order 200,000

Works expenses (cash). 40,000

Works expenses allocated to jobs 70,000

Administrative expenses 50,000

Administrative expenses allocated to jobs 34,000

Finished good transfer to warehouse 400,000

You are required to journalise the above transactions under integral accounting system. 1×10=10


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Also Read:- 

👉 Business Mathamatics GU Solved Question Paper 2022 "Click Here"

👉 Bcom 4th Sem(Hons.) All Previous Year Question Paper 

"Click  Here"

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