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Shaheed Bhagat Singh Evening College: Sheikh Sarai, Phase-2, NEW DELHI-110017

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Sahil Rajput
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39 views

Shaheed Bhagat Singh Evening College: Sheikh Sarai, Phase-2, NEW DELHI-110017

Uploaded by

Sahil Rajput
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SHAHEED BHAGAT SINGH EVENING COLLEGE

SHEIKH SARAI, PHASE-2,


NEW DELHI-110017
B.COM- IV SEMESTER
COST ACCOUNTING
ASSINGMENT NO.1
NOTE: ATTEMPT ANY TWO QUESTION

Q1. Following data pertain to material X:


Cost of placing an order ₹100
Annual carrying cost ₹ 15
Normal usage 50 units per week
Minimum usage 25 units per week
Maximum usage 75 units per week
Reorder period 4-6 weeks
No. of weeks in the year 52
Compute from the above: (i) Re-order Quantity, (ii) Re-order Level, (iii) Minimum Level, (iv)
Maximum Level, (v) Average Stock Level.

Q2. The following information relates to the personnel department of a factory for the month of April
2020:
Number of workers on April 1, 2020 950
Number of workers on April 30, 2020 1050
Number of workers who quit the factory in April, 2020 10
Number of workers discharged in April 2020 30
Number of workers engaged in April 2020 140
(including 120 on account of expansion scheme)
Calculate the labour turnover rate under the different methods.

Q3. A company has 3 Production Departments A, B and C and 2 Service Departments X and Y. The
following information is available regarding various expenses:
Power Rs. 2,400
Rent Rs. 4,200
Canteen Rs. 3,000
Insurance Rs. 2,200
Depreciation Rs. 20,000
Personnel Department Rs. 4,000
Maintenance of Assets Rs.2,400
The following additional information is also given:
Items Production Department Service Department

A B C X Y

Area (sq. metres) 400 400 300 200 100

Kilowatt hours 2000 2200 800 750 250

Number of workers 90 120 30 40 20

Capital value of 50 60 40 30 20
assets (in ‘000 of Rs)

Direct material cost 5000 3000 2000 1000 1000


(Rs)

The expenses of department X and Y will be apportioned among production departments in the ratio
of 5:3:2 and 20%, 30% and 50% respectively. Prepare Overheads Distribution Summary.
OR

Q3. From the following particulars compute machine hours rate:


(i) The original cost of machine used was 50,000. Its estimated life is 5 years, the estimated scrap
value at the end of its life is 5,000. The estimated working time per year is 2,200 hours (50 weeks of
44 hours) of which machine maintenance is expected to take up 200 hours. No other loss of working
time is expected. Setting up time estimated at 100 hours is regarded as productive time.
(ii) Electricity used by the machine during production is 16 units per hour at a cost of 2.50 per unit.
No current is taken during maintenance or setting up.
(iii) The machine requires a chemical solution which is replaced at the end of each month at a cost of
Rs. 200 each time
(iv) The estimated cost of maintenance per year is Rs. 12,000.
(v)Two attendants control the operation of the machine to get other identical machines. Their
combined weekly wages and insurance amount to Rs. 1,800.
(vi) Department and general works overheads allocated to this machine for the year amounted to Rs.
20,000.

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