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Cost Accounting Test

1. The document provides data to calculate the cost of production and profit for a manufacturing company. It includes information on raw materials, labor, machine hours, overheads, units produced and sold. 2. It also provides data on sales, variable expenses, contribution, fixed expenses and profit for a private company. It asks to calculate the sales needed for no profit/no loss and Rs. 11,000 profit after tax, the break-even point at 10,000 units, and the new break-even point with a 10% price increase.

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111 views

Cost Accounting Test

1. The document provides data to calculate the cost of production and profit for a manufacturing company. It includes information on raw materials, labor, machine hours, overheads, units produced and sold. 2. It also provides data on sales, variable expenses, contribution, fixed expenses and profit for a private company. It asks to calculate the sales needed for no profit/no loss and Rs. 11,000 profit after tax, the break-even point at 10,000 units, and the new break-even point with a 10% price increase.

Uploaded by

Dhwaja
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name:

Enrolment No:
SAP ID:
UNIVERSITY OF PETROLEUM AND ENERGY STUDIES
Test, December 2020
Course: Cost Accounting Semester: III
Program: BCOM LLB HONS (TL)
Course Code: CLNL 3004 Max. Marks: 30

Ques1. Mr. Ashish furnishes the following data relating to the manufactures of
a standard product during the month of August, 2017:

Raw Materials Purchased 15,000


Opening Stock of Raw Materials 4,000
Closing Stock of Raw Materials 3,000
Direct Labour Cost 6,840
Machine Hours Worked 900 Hours
Machine Hour Rate Rs. 4.94
Carriage Inwards 1,100
Administrative Overheads 34% of Materials used
Selling Overheads 50 paise per unit sold
Units Produced 17,100
Opening Stock of Finished Products: 2000 units @ Rs. 1.50 per unit
Units Sold 16,000 units
Selling Price per unit Rs. 4
You are required to prepare:
Cost Sheet
A Statement showing Profit for the Period

Ques2. Following data relate to X Private Ltd.:

Sales (16,000 units @ Rs. 15) 2,40,000


Less- Variable Expenses 1,92,000
Contribution 48,000
Less- Fixed Expenses 36,000
Profit 12,000
Calculate
1- What sales are needed to achieve the objectives of no profit no loss ?
2- What sales are necessary to result a net income of Rs. 11,000 the corporate
income tax being 45% ?
3- What should be the selling price per unit if break-even point is brought down
to 10,000 units ?
4- What will be the break even point if 10% increase effected in selling price ?

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