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1) Answer Any Two From The Following: 10X2 20

This document contains an internal assignment for a Fundamentals of Cost & Management Accounting exam at the University of Kalyani. It includes two questions asking students to: 1) Prepare process accounts and calculate the cost per unit for each of the three processes for a product. It provides cost data across direct materials, direct labor, expenses and production overhead for each process. 2) Prepare a cost sheet from provided cost data to show prime cost, factory cost, cost of production and total cost. It lists various direct, indirect and administrative costs. 3) Discuss the advantages and disadvantages of the Halsey Premium Bonus Scheme and Rowan Premium Bonus Scheme costing methods. It asks

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67 views

1) Answer Any Two From The Following: 10X2 20

This document contains an internal assignment for a Fundamentals of Cost & Management Accounting exam at the University of Kalyani. It includes two questions asking students to: 1) Prepare process accounts and calculate the cost per unit for each of the three processes for a product. It provides cost data across direct materials, direct labor, expenses and production overhead for each process. 2) Prepare a cost sheet from provided cost data to show prime cost, factory cost, cost of production and total cost. It lists various direct, indirect and administrative costs. 3) Discuss the advantages and disadvantages of the Halsey Premium Bonus Scheme and Rowan Premium Bonus Scheme costing methods. It asks

Uploaded by

Alvarez Star
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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UNIVERSITY OF KALYANI

B.COM PART-III GENERAL ELECTIVE EXAMINATION, 2020

FUNDAMENTALS OF COST & MANAGEMENT ACCOUNTING


INTERNAL ASSIGNMENT

GROUP: 3 PAPER: V MARKS: 20

1) Answer any two from the following: 10X2=20


A) A product passes through 3 processes. The following cost is given below:

Particulars Total 1 2 3
Direct Material 8,482 2,000 3,020 3,462
Direct Labour 12,000 3,000 4,000 5,000
Expenses (direct) 726 500 226 —
Production Overhead 6,000 1,500 2,000 2,500
Output 920 units 870 units 800units
Normal loss 10% 5% 10%
Sale price of scrap p.u. 3 5 6

1,000 unit at the Rate ` 5 were introduced in Process 1.

Prepare necessary Process A/c. Also calculate cost p.u. for each process.

B) From the following information for the month of January, prepare a cost sheet to show
the following components: (a) Prime Cost, (b) Factory Cost, (c) Cost of Production,(d) Total
Cost.

Direct material 57,000 Direct wages 28,500

Factory rent and rates 2,500 Office rent and rates 500

Plant repairs and maintenance 1,000 Plant depreciation 1,250

Factory heating and lighting 400 Factory manager’s salary 2,000

Office salaries 1,600 Director’s remuneration 1,500

Telephone and postage 200 Printing and stationery 100

Legal charges 150 Advertisement 1,500

Salesmen’s salaries 2,500 Showroom rent 500

Sales 1,16,000
C) Discuss the advantages and disadvantages of Halsey Premium Bonus Scheme and Rowan
Premium Bonus Scheme. What are the similarities and dissimilarities of these two methods?

TEACHER NAME: RAHUL HOSSAIN

MOBILE NO.: 8348056171 (WHATS APP)

EMAIL: [email protected]

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