In this post, we have shared the Gauhati University Cost Accounting Question Paper 2021 (CBCS). This question paper is highly beneficial for FYUGP NEP 4th Semester Accountancy Major students.
The paper, originally part of the CBCS curriculum for the 4th Semester Cost Accounting Question Paper , is now included in the FYUGP NEP syllabus. As the content remains relevant, we strongly recommend studying this question paper to enhance your preparation for the FYUGP NEP 4th Semester Honours Course. It is a valuable resource for understanding key concepts in Cost Accounting
Cost Accounting Question Paper 2021 (Held in 2022)
Gauhati
University BCOM 4th Sem Question Paper
4
(SEM-4/CBCS) CA HC/RC
Paper:
COM-HC-4016/COM-RC-4026 (Cost Accounting)
Full
Marks: 80
Time:
Three hours
The
figures in the margin
indicate
full marks for the questions.
In
this post you will get Cost Accounting Question Paper 2021 of Gauhati
University BCOM 4th Sem CBCS Pattern.
1. Answer the following as
directed: 1×6=6
(a) Indirect
expenses are also known as _______. (Fill in the blanks with appropriate
word/words)
(b) FIFO
method of valuing materials is suitable in times of rising prices. (State
whether the statement is ‘True’ or ‘False’)
(c) Wage
sheet is prepared by the
(1) Pay-roll
Department.
(2) Production
Department.
(3) Personnel
Department.
(4) None
of the above. (Select the most appropriate one)
(d) Fixed
cost per unit decreases with increase in output. (State whether the statement
is ‘True’ or ‘False’)
(e) Loss
incurred in an incomplete contract is transferred to Contract Account. (State
whether the statement is ‘True’ or ‘False’)
(f) Which
of the following is shown in Cost Accounts?
(1) Transfer
to Reserve.
(2) Loss
on sale of building.
(3) Donations.
(4) None
of the above. (Select the most appropriate one)
2. Answer the following
questions: 2×5=10
(a) What
is meant by Bin Card?
(b) State
two objectives of Time and Motion Study.
(c) State
the meaning of Machine Hour Rate.
(d) Mention
two features of Contract Costing.
(e) Name
two items that are included in financial accounts but not in cost accounts.
3. Answer any four of
the following
questions: 6×4=24
(a) What
is a “Cost Sheet”? Mention four advantages of preparation of Cost
Sheet. 2+4=6
(b) Write
a short note on the role of Cost Accountant in business
organisation. 6
(c) The
particulars of Materials ‘A’ and ‘B’ are given below: 6
Normal usage: 100 units per
week each.
Minimum usage: 50 units per week
each.
Maximum usage: 150 units per week
each.
Re-ordering quantity:
‘A’ – 600 units.
‘B’ –1,000 units.
Re-ordering period:
‘A’ – 3 to 5 weeks.
‘B’ – 2 to 4 weeks.
Calculate the following:
(1) Re-ordering
level.
(2) Minimum
Stock level.
(3) Maximum
Stock level.
(4) Average
stock level.
(d) A
worker manufactured 180 articles during the last week of April 2021. Working
hours during the week are 48 hours, standard rate Rs. 12 per hour and standard
time to manufacture an article is 20 minutes. Calculate his total wages for the
week according to Halsey Premium Bonus Plan. 6
(e) What
is overhead? Mention any four features of fixed overheads. 2+4=6
(f) Mention
any six points of distinctions between Integrated Accounting and Non-integrated
Accounting. 6
4. Answer any four of
the following questions: 10×4=40
(a) The following is the
expenditure on a contract of Rs. 12,00,000 commenced in January
2020: 10
|
Rs. |
|
|
Materials Wages Plant Overhead Sub-Contractor’s
bill |
2,20,000 3,28,000 40,000 17,200 20,000 |
Cash received on account of
contract upto 31st December, 2020 was Rs. 4,80,000 being 80% of
the work certified. The value of materials in hand was Rs. 20,000. Depreciation
on plant was charged @ 20% per annum. Prepare Contract A/c.
(b) A company disclosed profit
of Rs. 55,635 in the financial accounts and for the same period the cost
accounts disclosed a profit of Rs. 13,520 only. On examination the following
differences were observed:
|
Particulars |
Cost
Accounts(Rs.) |
Financial
Accounts(Rs.) |
|
Depreciation Bad
Debts Opening
Stock Closing
Stock Profit
on sale of Assets Dividend
Received Imputed
Rent Charge |
49,130 – 1,37,550 91,090 – – 16,250 |
52,600 800 1,27,500 93,750 4,250 13,175 – |
Reconcile the Profit as per Cost
Accounting records and Financial Accounting
records. 10
(c) Following are the details of
stores receipts and issues of materials of an organisation:
|
March
1: |
Opening
stock of materials 4,400 units @ 8 per unit. |
|
March
5: |
Purchased
550 units @ Rs. 10 per unit. |
|
March
8: |
Issued
2,200 units. |
|
March
10: |
Purchased
6,600 units @ Rs. 12 per unit. |
|
March
16: |
Issued
4,400 units. |
|
March
20: |
Issued
1,100 units. |
|
March
23: |
Issued
2,200 units. |
|
March
27: |
Purchased
4,950 units @ Rs. 11 per unit. |
|
March
31: |
Issued
3,300 units. |
Prepare Store Ledger by using:
(1) First-in-first-out
(FIFO) Method.
(2) Last-in-first-out
(LIFO)
Method. 5+5=10
(d) What is Labour Turnover? What
are the costs involved in labour turnover? How can you reduce the impact of
labour
turnover? 2+4+4=10
(e) What do you mean by over
absorption and under absorption of overheads? What are the causes of such over
or under
absorption? 4+6=10
(f) Mention the characteristics of
Process Costing. Explain the different types of process losses and state how
they are treated in Cost
Accounts. 4+6=10
***
Also Read :
👉 Cost Accounting Important Question Answer Pdf GU Bcom
👉 GU Cost Accounting (2011-2023) Solved Question Paper Pdf
👉 Bcom 4th Sem(Honours) GU All Subject Previous Year Question Paper "Click Here"