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Ex/PE/T/422/131/2012(S)

B ACHELOR OF P OWER E NGINEERING F INAL

EXAMINATION, 2012

Annual return on Investment 10%.

Rent, Insurance, taxes etc. per unit per annum Re 1/-

( 4th Year, 2nd Semester, Supplementary )

Cost of Placing an order Rs. 100.

Determine Economic Order Quantity.
6.

10+10

What is Scientific Management? Describe the evolution of

ENGINEERING ECONOMICS

Full Marks : 100

Attempt any five questions.

4+8+8

8.

COSTING

Time : Three hours

management thoughts. Describe the functions of management.

7.

AND

All questions carry equal marks.

Write short notes on : (any four)

a) Stores Ledger.

b) Indian Capital Market.

c) Double Entry System.

d) Golden rules.

e) Break even point.

f) Mixed economy.

1.

From the following balances as on 31st March 2012 prepare a

Trading and Profit & Loss Account for the year ended
31.3.2012 and a Balance Sheet on that date.
Rs.

From the following particulars, prepare a Cash book of Sri M.

K. Basu and bring down the balance for December 2011.
2011
December

Rs.

20

Plant & Machinery

60,000

Rs.

Insurance Premium

7,500

Wages

Interest on Loan

1,600

Stock (opening)

Advertisement

6,000

Salesmans commission

Balance in hand

3,000

Purchase goods for cash

Paid Advertisement

Further Capital Introduced

Purchased Furniture

500

Spent for private use

750

11

Received rent from Mr. K.

300

15

Received from Mr. Z on account

20

300
50
1,000

Land & Building

Capital

80,000
1,20,000

Cash at Bank

18,000
8,000
36,000
4,200

Purchases

2,10,000

Sales

2,68,000

Return Inward

4,250

Return Outward

3,000

Salaries

8,600

Carriage Inward

2,750

400

Carriage Outward

1,500

Sundry Debtors

40,000

Sold goods for cash

500

Bad Debts

2,400

Bills Receivable

9,200

23

Paid to creditors

900

Loan on Mortage

60,000

31

Paid salary

500

Bills Payable

21,000

Sundry Creditors

28,000

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The following adjustments are to be considered :

4.

From the following information prepare a Statement of Cost for

the year 2011 showing therein (a) Prime Cost, (b) Works Cost,

1. Stock as on 31.3.12 was valued at Rs. 50,000/-.

(c) Cost of Production and (d) Profit or Loss.

2. Prepaid salary Rs. 600/-.

Raw materials consumed

Rs. 60,000

Direct wages

Rs. 40,000

Direct expenses

Rs. 8,000

Indirect wages

Rs. 10,000

What is Demand? Describe Law of Demand. Explain elasticity

Depreciation on Machinery

Rs. 12,000

of Demand. Explain Demand function.

4+6+6+4

Office overhead

20% of Works cost.

From the following balances prepare Manufacturing Account

Selling overhead

Rs. 2/- per unit.

for the year ended 31st December 2011.

Units produced

15,000 units.

Stock on 1st January 2011

Units sold

12,000 units @ Rs. 15.

3. Depreciation is to be provided on Plant & Machinery @ 10%

per annum.
4. Outstanding wages Rs. 1,000.
2.

3.

Raw Materials

20

20,000

5.

20

a) Two materials X and Y are used as follows in a factory.

8,000

Minimum usage

50 units per week.

Purchase of raw materials

3,00,000

Maximum usage

150 units per week.

Factory wages

1,90,000

Normal usage

100 units per week.

Ordering quantity

X 600 units and Y 1000 units

Delivery period

X 4 to 6 weeks, Y 2 to 4 weeks

Work-in-progress

Factory Rent

15,000

Salary of factory manager

40,000

Depreciation on Factory shed

20,000

Calculate for each material :

Stock on 31st December 2011

Work-in-progress
Raw materials

b) Maximum level,

c) Ordering level,

d) Average Stock level.

b) A manufacturing company buys certain equipment from

9,000
18,000

a) Minimum level,

20

outside suppliers @ Rs. 30 per unit. Annual needs are 800

units. The following further information are available.
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