Cost Accounting Question Paper 2023 GU [Gauhati University BCom 4th Sem Hons/Gen. CBCS]

In this post we have shared the Gauhati University BCom 4th Semester Cost Accounting Question Paper 2023 GU in Pdf. This Question Paper is highly valu

In this post we have shared the Gauhati University BCom 4th Semester Cost Accounting Question Paper 2023 GU in Pdf. This Question Paper is highly valuable for exam preparation as it provides a concise overview of the questions asked in the Guwahati University BCom 4th semester examination of 2023.

Cost Accounting Question Paper 2023 GU [Gauhati University BCom 4th Sem Hons/Gen. CBCS]



(Honours Core/Regular)


(Cost Accounting)

Full Marks: 80

Time: Three hours

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

1. Answer the following as directed: 1x10=10

(a) Cost accounting is a method of______cost. 

(Fill in the blank with appropriate word)

(b) A______cost is an irrecoverable cost. (Fill in the blank with appropriate word)

(c) Indirect labour is treated as part of

(i) finished goods

(ii) work-in-progress

(iii) factory overhead

(iv) product

(Select the correct answer) 

(d) Material is the first element of cost. (State whether the statement is true or False)

(e)______Method of valuing material issues is suitable in the times of falling price. (Fill in the blank with appropriate word)

(f) Bin card is a part of accounting record. (State whether the statement is true or false)

(g) Which of the following is not a part of time-keeping?

(i) Punch card 

(ii) Job card

(ii) Attendance register

(iv) None of the above

(Select the correct answer)

(h) Depreciation is a semi-variable expense. (State whether the statement is true or false)

(i) What is process costing ? 

(j) Write the meaning of 'relevant cost' in cost accounting. 

2. Answer the following questions : 2x5=10 

(a) What is the concept of cost ?

(b) State the meaning of motion study in labour costing.

(c) State two important features of p process costing.

(d) What is operating costing ?

(e) Name from the following the method of costing and cost unit for:

(i) Aircraft

(ii) Transport

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

(a) Mention five objectives of cost accounting.

(b) A consignment of sugar was received by Murli Brothers. The invoice reveals the following data:

Quantity  600 kg

Rate per kg   25

GST  @12%

Freight  22,130

After receiving the consignment, it was noticed that there is a shortage of 300kgs. What stock rate would you adopt for the product assuming a provision of 5% towards further deterioration ?

(c) What is 'payment by result' method of labour remuneration? Mention two advantages and two disadvantages of this system. 1+(2+2)=5

(d) The following data pertain to a material ''

Supply period : 4 to 8 months

Consumption Rate : 

Maximum : 1200 units per month

Minimum : 600 units per month:

Normal : 900 units per month

Yearly : 110800 units 

Storage costs are 50% of stock value 

Ordering costs are 2400 per order

Price per unit of material ₹ 100

Compute the minimum stock level.

(e) Explain the five reasons of abnormal idle time of labour cost. 

(f) How is abnormal gain calculated and treated in process costing ? 2+3=5 

4. Answer any four of the following questions: 10×4=40

(a) What are the various costs classified under functional classification'? Give a brief description of each of these costs.

(b) Assam Manufacturing Company uses copper wire which is purchased from the market as and when necessary. Following purchases and issues were made during the month of January, 2023:

January 1 : Opening balance 300 kgs at₹50 / kg 

January 3 : Purchased 500 kgs at 252/kg

January 7 : Issued 220 kgs 

January 11 : Issued 440kgs 

January 18: Purchased 490 kgs at 246/kg

January 24 : Issued 300kgs 

January 28 : Surplus 20 kgs returned to store out of quantity issued on 7th January

(c) During the first week of January 2023, the workman Mr. Santosh produces 150 articles. He received wages for a guaranteed 48 hours a week @50 per hour. The estimated time to produce one article is 20 minutes and under incentive scheme the allowed is increased by 20%. Calculate his gross wages according to-

(i) Piece works with guaranteed weekly wages;

(ii) Rowan premium bonus plan;

(iii) Halsey premium bonus plan.

(d) Explain 'under-absorption' and 'over- absorption of overheads. What are the causes for under and over-absorption of overheads? (2+2)+6=10

(e) A firm of building contractors began to trade on 1st April, 2022. Following was the expenditure on a contract for Rs. 9,00,000.

Material (HR) 1,44,000

Plant issued  30,000

Wages incurred 1,48,000

Other expenses incurred 30,000

Cash received on account of 31st March, 2023 amounted to 4,00,000; being 80% of the work certified. Of the Plant and Materials charged to contract, Plant which cost 6,000 and Materials which cost 5,000 were lost. On 31st March, 2023 Plant cost 4,000 was returned to stores, the cost of work done but uncertified was 20,000 and materials costing 24,600 were in hand on site.

Charge 15% depreciation on plant and prepare Contract Account.

(f) Briefly describe the need for and procedure for integration of Cost Accounting and Financial Accounting. 5+5=10

(i) What is allocation and apportionment of overheads?

(ii) A company has four departments. The actual cost for the period are given below. Apportion the cost to the various departments by using the most equitable method- 2+8=10

Rent : 5,000

Depreciation : 4,800

Supervision  : 9,000

Employer's Liability Insurance : 900

Insurance  : 3,000

The following data are also available in respect of four departments;











Number of workers





Value of plant (in ₹)





Total wages (₹)





Value of stock(₹)





(h) A manufacturing company disclosed a net loss of ₹ 2,91,000 as per their cost accounts for the year ended on March 31st, 2023. The following information was revealed as a result of scrutiny of the figures of both the sets of books.

Factory overhead over absorbed : 8,000

Administrative overhead under absorbed : 12,000

Depreciation charged in financial accounts : 1,10,000

Depreciation charged in cost accounts : 1,22,000

Income tax provided : 75,000

Interest on loans fund in financial accounts : 1,34,000

Interest on investments not included in cost accounts : 32,000

Transfer fees (Credit financial books) : 8,000

Stores adjustment (Credit in financial books) : 24,000

Prepare a Reconciliation Statement from the above information.


Also Read : 

Post a Comment

Cookie Consent
Dear Students, We serve cookies on this site to analyze traffic, remember your preferences, and optimize your experience.
It seems there is something wrong with your internet connection. Please connect to the internet and start browsing again.
AdBlock Detected!
We have detected that you are using adblocking plugin in your browser.
The revenue we earn by the advertisements is used to manage this website, we request you to whitelist our website in your adblocking plugin.