Cost and Management Accounting II (Gen.) Question Paper 2023 [Calcutta University BCom 4th Sem]

In this article we have Published Calcutta University BCom 4th Sem Cost and Management Accounting II (Gen.) Question Paper 2023. Which can be very helpful if you are preparing for your examination.

CU BCOM 4TH SEM QUESTION PAPER 2023

COST AND MANAGEMENT ACCOUNTING-II-GENERAL

Paper: CC-4.2-Cg

Full Marks: 80

The figures in the margin indicate full marks.

Group – A

1. Calculate Labour Variances from the following information:  5 

Actual Hours worked8000
Actual Labour Rate per hour₹2
Standard Hours per unit of output9 hours
Actual Output900 units
Standard Labour Rate per hour₹1.50

2. Distinguish between Joint Products and By-Products. 5

Or 

Give five examples of Joint Products.    5

Group-B

3. Blue Planet Ltd. produces a single product with an annual demand of 5000 units. The selling price is200 per unit and the variable costs is 120 per unit. The annual fixed costs of the business are ₹60,000.           (2+2)+3+3

Calculate:

(a) Break-even point in quantity and value;

(b) Sales to earn a profit of 2,40,000;

(c) Margin of Safety when profit is ₹ 1,00,000.

4. Cure-All Medicine Ltd. furnished the following trading results:

YEAR UNIT SALE PROFIT 
202210000010,00,0002,00,000
202312000012,00,0003,00,000

If the Fixed Cost is 3,00,000; find Break-even Sales and Margin of Safety for the years 2022 and 2023.        10

5. Delicious Toffee Company manufactures and sells direct to consumers 10,000 pieces of ‘Caramel Candy” at 2.50 per piece. The company’s normal production capacity is 20,000 pieces of candies. An analysis of cost for 10,000 candies is given below:

Direct Material2,000
Direct Labour5,000
Power1,200
Packing Exp. (Primary)1,500
Fixed Expenses15,000

The company has received a special order of 10,000 candies at 1.50 per candy in a different market. Advise whether the order should be accepted or not. 10

Or

The following details are supplied by X Ltd.:

PARTICULAR AB
Direct material cost per unit₹70₹40
Direct labour cost per unit₹20₹30
Variable O/H per unit₹24₹36
Selling price per unit₹150₹120

Recommend which of the following options should be accepted:

Option 1: 3000 units of A and 2000 units of B

Option II: 4000 units of A and 3000 units of B

Option III: 6000 units of A

Option IV: 5000 units of B.

6. Company incurs the following expenses to produce 1000 units of an article:

Direct materials.   30,000

Direct wages 15,000

Power (80% variable) 10,000

Repairs & Maintenance (15% fixed) 8,000

Depreciation (60% fixed) 6,000

Administration expenses (100% fixed) 12,000

Prepare a flexible budget showing individual expenses at production level at 1500 units and 2000 units. 10

Or

Prepare a cash budget for three months ending on 31.10.2023 from the following information relating to Fashion Garments:

MonthSales PurchasesWagesExpenses
June1,80,0001,25,00012,0007,000
July1,95,0001,40,00015,0009,000
August1,10,0001,50,00010,0007,500
September1,70,0001,45,00012,00010,000
October1,30,0002,20,00013,00011,500

(a) Expected Cash in hand and at Bank on 1st August 25,000.

(b) A new machine is to be installed in the month of August at 30,000 on credit, to be repaid by two equal instalments in September and October.

(c) Cash sales is 50% of total sales.

(d) Period of credit allowed by suppliers: 2 months.

(c) Period of credit allowed to customers: 1 month.

(1) Wages and other expenses are paid at a lag of one month

Group – C

7. The following details are related to the product A for the month of March, 2022. You are required to compute material and labour cost variances from the given details:

Actual production.      100 units

Standard cost per unit

Materials: 50 kg @40 per kg

Labour: 400 hours per hour

Actual cost for the month

Materials: 4900 kg @ 42 per kg.

Labour: 39600 hours@1.10 per hour.            15

Marine Chemicals Ltd. produces three Chemicals-Chemical A, Chemical B and Chemical C incurring a joint cost of 1,00,000 in a joint production process. All of the three products can be sold at point of separation or processed further and sold at relatively higher prices. The sales price per litre at the point of separation and after further processing of each of these products are 10, 15, 20 and 25, 30, 35 respectively. During the month of May, 3000 litres of Chemical A, 4000 litres of Chemical B and 8000 litres of Chemical C were produced and sold. If the processing costs after separation are 60,000, 50,000 and 90,000 respectively, calculate the product-wise profit allocating joint costs on the basis of sales value at the point of separation and compute the pfofit for selling the products with and without further processing. 15

Or

What do you mean by Activity Based Costing? How does it differ from Traditional Costing? Briefly discuss the steps to be followed for apportionment of Overhead under Activity Based Costing System with examples.

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