SUB CODE: 14U4CMA04

VIVEKANANDHA COLLEGE OF ARTS AND SCIENCES FOR WOMEN

(Autonomous)
DEPARTMENT OF COMPUTER SCIENCE APPLICATIONS
MODEL EXAMINATION
(For B.Sc (CS/IT/CT) & BCA
COST AND MANAGEMENT ACCOUNTING

TIME: 3Hrs

Max.Mark:75
SECTION A
ANSWER ALL THE QUESTIONS

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.

Define the cost.

Write any two advantages of cost accounting?
What is bin Card.?
Define stores Ledger.
What is Management Accounting.?
Write any two Scope of Management Accounting
Define the concept of Budget?
Write any two importance of budgetary Control.
Define the term Break Even Point.
What is Margin of safety?

SECTION B
ANSWER ALL THE QUESTIONS
11.

(10 x 2 = 20)

(5 x 5 = 25)

(a) What are the objectives of cost Accounting?

(or)
(b) Calculate Prime cost, Factory Cost, Cost of Production Cost of Sales and Profit from the following details?

12.

Rs
Direct Materials
10,000
Direct Labour
4,000
Direct expenses
500
Foctory expenses
1,500
Administrative expenses
1,000
Selling expenses
300
Sales
20,000
(a) Calculate the economic Order Quality from the following Particulars.
Annual usage 20,000 units
Buying Cost Perorder Rs.10
Cost of carrying inventory 10% of cost
(or)
(b) Calcuate Reorder level Minimum Stock Maximum Stock level and Average Stock level the following
information.
Normal Usage
300 units\week
Maximum Usage
450 units\week
Minimum Usage
150 units\week
Reorder Period
4 to 6 weeks
Reorder Quantity
2400 units

13.

(a) What are the difference between Cost and Management Accounting?
(or)
(b) What are the objectives of management Accounting?

14.

(a) Prepare a Production budget for three months ending March 31,1986, for a Factory Producing four
Products on the basis of the following information.

Type of
product
A
B
C
D

Estimated stock on Jan. 1

1986
Units
2000
3000
4000
5000

Estimated sales during Jan.March

1986
Units
10000
15000
13000
12000

Desired closing stock on

March 31
1986
Units
5000
4000
3000
2000

(or)
(b) BPL Ltd. wishes to arrage overdraft facillities with its bankers during the period April to June 1983. When it
will be manufacturing mostly for stock. Prepare a cash Budget for the above period from the following data
indicating the extent of the bank facillities the company will resquire at the end of each month.
a)
Feb.1983
March
April
May
June

Credit sales
180000
192000
108000
174000
126000

Purchases
124800
144000
243000
246000
268000

Wages
12000
14000
11000
10000
15000

b) 50% of crdit sales are realised in the month following the sales and the remaning 50% in the second month.
Creditors are paid in the month following the month of Purchases.
c) Cash at banu on 1-4-1983 estimated at 25000.
15. (a) Calculate Break even Point from the following particulars.
Rs.
Fixed expense
1,50,000
Variable cost per unit
10
Selling Price Per unit
15
(or)
(b) From the following information relating to Quicks Standards Ltd. you are required to find out (a) P.V. Ratio (b)
Break even Point (c) Margin of safety.
Rs.
Total Fixed Costs
4500
Total variable cost
7500
Total sales
15000

SECTION C
ANSWER ANY THREE QUESTIONS

(3 x 10 = 30)

16) What are the difference between Cost Accounting and Financial Accounting?
17) X company has Purchased and issued Materials as under 1998.
June 1. Stock of Marterials
200 units at Rs-2.50 per unit
3. Purchased
300 units at Rs-3 per unit
7. Purchased
500 units at Rs-4 Per unit
10. Issued
600 units
12. Purchased
400 units at Rs-4 per unit
18. Issued
500 units
24. Purchased
400 units at Rs-5 per unit
28. Issued
200 units
Prepare the store ledger under FIFO method and LIFO method.
18. What are different between Management Accounting and Financial Accounting?
19. Draw up a Flexible budget for overhead expenses on the basis of the following data and determine the
rates at 70% , 80% and 90% Plant capacity.

overhead

Variable Overhead
Indirect labour
Stores including spares

At 70%capacity
Rs
-

At 80% capacity
Rs

At 90% Capacity
Rs

12000
4000

Semi- Variable Overhead

Power(30% Fixed 70% veriable)
Repairs and Maintanance
(60% Fixed 40% Variable)

20000

2000

Depreciation
Insurance
Salaries

11000
3000
10000
---------------

Total Overheads

62000
---------------

Fixed Overhead

Estimated direct Labour hours

124000 hrs.
20. The following data are obtained from the records of a company :
First Year
Second Year
Sales
Rs. 80000
Rs. 90000
Profit
Rs. 10000
Rs. 14000
Calculate the Break Even Point
__________________________