VAILANKANNI MATHA ARTS AND SCIENCE COLLEGE A.

Reordering Level
PRATHABARAMAPURAM – 611 111, KILVELUR (TK.), NAGAPATTINAM (DT.) B. Maximum Level
C. Minimum Level from the following information:
(For candidates admitted from 2023 – 2024 onwards)  Maximum Consumption – 600 units per day
2024 – 2025 (EVEN SEMESTER) - CIA – I EXAMINATIONS (FEBRUARY 2025)  Minimum Consumption – 300 units per day
 Normal Consumption - 200 units per day
CLASS II B.COM - COMMERCE Date of Exam 25..02.2025  Reorder Period – 8 to 16 days
 Re-order Quantity – 1200 units.
Title of the [or]
COST ACCOUNTING Subject Code 22CCCCM7 (b) What is Economic order Quantity? How it is calculated?
Paper
Maximum Maximum PART – D
45 Marks 02 Hours
Marks Hours IV. Answer ALL Questions (2 x 10 = 20)
13. The following Data related to the Manufacturing of a standard product
PART – A
during the month of January 2022.
I. Fill in the blanks: (5 x 1 = 5)
Particulars Amount
1. Cost is the ------------- incurred on a given thing Raw Material consumed Rs.20000
2. Material Cost can be classified as ----------- and ------------- Direct Wages Rs. 12000
3. Method of Accounting for cost is called as ----------- Machine Hours Worked 1000 Hours
4. Material consumed = ------------------------------ Machine Hour Rate Rs.2 Per Hour
5. FIFO stands for -------------------------- Office Overheads 20% on Work costs
PART – B Selling overheads Re. 0.40 per unit
Units produced 20000 units
II. Answer ALL Questions: (5 x 2 = 10) Units sold at Rs. 3 per unit 18000 units
6. Write a note on Cost sheet.
7. Define Cost. From the above information prepare a cost sheet to show:
8. What are the Elements of cost? a) Prime cost
9. What is Cost center? b) Works cost
10. Write a note on ABC Analysis. c) Cost of Production
PART – C d) Cost of Production of Goods sold
III. Answer ALL Questions: Choosing either (a) or (b) (2 x 5 = 10) e) Cost of Sales
11 (a) Explain the objectives of Cost Accounting. f) Profit.
[or]
(b) Prepare a cost sheet from the following Particulars: 14. Prepare a stores Ledger under LIFO Method:
A. Raw material consumed – Rs.240000
B. Freight Charges Paid - Rs.20000
01.01.2017 Purchases 600 units @ Rs.2.40 each
C. Wages Paid to Labourers - Rs.70000
D. Factory on cost - 20% of the prime cost 02.01.2017 Issue 400 Units
E. General and Administration Expenses - 4% of Factory 05.01.2017 Purchase 800 units @ Rs.2.60 each
cost 07.01.2017 Issue 700 Units
F. Selling and Distribution expenses - 5% of Production 10.01.2017 Returned to store 10 units (Issued on 02.01.2001)
cost 19.01.2017 Purchase 400 units @ 2.80 each.
G. Profit – 20% on sales 29.01.2017 Issue 300 Units

On 31.1.2017, it is found that there is a shortage of 10 units.