Cost And Management Accounting 2019 Question Paper [Gauhati University BCom 4th Sem]

In this post, we have shared the Gauhati University Cost and Management Accounting Question Paper 2019 (Non-CBCS). This question paper is highly beneficial for FYUGP NEP 4th Semester all Major students . It is particularly relevant for students pursuing  Finance Major, HRM Major, and Marketing Management Major, as the syllabus for both Non-CBCS and NEP patterns is quite similar.

We strongly recommend studying this Gauhati University FYUGP NEP BCom 4th Sem Cost and Management Accounting question paper 2019 thoroughly to enhance your preparation for the FYUGP NEP 4th Semester Honours Course. This previous year’s Non-CBCS question paper will be a valuable resource for all major courses under the FYUGP NEP 4th-semester syllabus

4th Semester B.Com (Major)
COST AND MANAGEMENT ACCOUNTING
2019

Full Marks: 80
Pass Marks: 24
Time: Three Hours

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

GROUP - A 

(Cost Accounting)

Marks: 40

1. Answer the following as directed: (1×6=6)

i) Standard costing helps in measuring efficiency. (Write True or False)

ii) Abnormal idle time cost of the factory should be charged to production overhead. (Write True or False)

iii) The time taken in processing the order and then executing it is known as ______. (Fill in the blank)

iv) The technique of standard costing may not be applicable in case of ______. (Fill in the blank)

v) Bin Card shows:

a) Work-in-process inventory and value of stores
b) Quantity of stores
c) Both value and quantity of stores
(Choose the correct option)

vi) The difference between actual cost and standard cost is known as:

a) Variance
b) Profit
c) Differential cost
(Choose the correct option)

2. Answer the following questions: (2×2=4)

i) What is Flat Time Rate?

ii) State two causes of material usage variance.

3. Answer any two questions from the following: (5×2=10)

i) Explain the various functions of cost accounting.

ii) How is a cost sheet prepared? Explain.

iii) Distinguish between cost accounting and management accounting.

4. Answer any one of the following questions: (10×2=20)

i) Discuss the preliminary steps for establishing a system of Standard Costing.

Or

A manufacturing concern has the following data:

• Standard time fixed for a month: 8,000 hours

• Standard wage rate: Rs. 2.25 per hour

• Number of workers employed: 50

• Average working days in a month: 25

• A worker works for 7 hours per day

• Total wage bill for the month: Rs. 21,875

• Idle time due to power failure: 100 hours

Calculate the Labour Cost Variance, Rate of Pay Variance, Net Labour Efficiency Variance, and Idle Time Variance.

ii) Explain the measures applied for the control of labour cost.

Or

Based on the following information, calculate the earnings of 'A' and 'B' under Straight Piece Rate System and Taylor's Differential Piece Rate System:

Standard production: 190 units per hour

Normal time rate: Rs. 5 per hour

Differential piece rate to be applied:

• 80% of piece rate for below standard performance

• 120% of piece rate for performance at or above standard

• Actual performance:
  
  

• 'A' produced 80 units in a 10-hour day

• 'B' produced 110 units in a 10-hour day

GROUP - B (Management Accounting)

Marks: 40

5. Answer the following as directed: (1×6=6)

i) Flow of funds means an increase or decrease in working capital. (Write True or False)

ii) Contribution is the difference between sales and the total cost of sales. (Write True or False)

iii) Current ratio is used to analyze the long-term financial position. (Write True or False)

iv) The increase in P.V ratio means lower break-even point and higher ______. (Fill in the blank)

v) Two elements of Current Ratio are current assets and ______. (Fill in the blank)

vi) Which one of the following is an objective of budgetary control?

a) Evaluation
b) Reporting
c) Selling estimate
d) Capital expenditure
(Choose the correct option)

6. Answer the following questions: (2×2=4)

i) What is Liquidity Ratio?

ii) What is Contribution?

7. Answer any two questions from the following: (5×2=10)

i) Explain briefly the nature and scope of management accounting.

ii) How does management accounting differ from financial accounting?

iii) Discuss in brief the various tools and techniques used in management accounting.

8. Answer any one of the following questions: (10×2=20)

i) What is a Financial Statement? Discuss the limitations of financial statements.

Or

From the summary Cash Account of Raju Trading Corporation Ltd., prepare a Cash Flow Statement for the year ending 31st March 2018 in accordance with AS-3 (Revised) using the Direct Method. The company does not have any cash equivalents.

Summary Cash Account (For the year ended 31.3.2018)

Particulars	Amount (Rs. '000)
Balance on 1.4.2017	100
Issue of equity shares	600
Receipts from customers	5,600
Sale of fixed assets	200
Payment to suppliers	4,000
Purchase of fixed assets	400
Overhead expenses	400
Wages and salaries	200
Taxation	500
Dividend	100
Repayment of bank loan	600
Balance on 31.3.2018	300
Total	6,500

ii) Explain the managerial applications of marginal costing as an aid to pricing decisions.

Or

ABC Glass Manufacturing Company requires you to calculate and present the budget for the period April 2019 to 31st March 2020 from the following information:

Particulars	Amount (Rs.)
Sales: Toughened glass	3,00,000
Sales: Bent toughened glass	5,00,000
Direct material cost	60% of sales
Direct wages	20 workers @ Rs. 150 per month
Factory overheads	85% of direct wages
Indirect labour	Rs. 5,000
Works Manager Salary	Rs. 500 per month
Stores and spares	21% of sales
Depreciation on Machinery	Rs. 12,600
Repairs and maintenance	Rs. 8,000
Foreman Salary	Rs. 5,000
Other sundries	10% of direct wages
Administration, Selling & Distribution Expenses	Rs. 14,000 per year

-00000-

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