Description
| Course Code : | BCOC-138 |
|---|---|
| Course Title : | Cost Accounting |
| Medium : | English Medium |
| Program : | BCOMG / BCOM CBCS |
| Max Marks : | 100 |
| Weightage : | 30% |
| Session : | 2020-21 (July 2020 and January 2021) |
| Last Date of Submission : | 15th March, 2021 (for June 2021 Term End Exams) 15th September, 2021 (for December 2021 Term End Exams) |
| Solution Type : | Softcopy (PDF File) |
TUTOR MARKED ASSIGNMENT
| Programme | : B.COM |
|---|---|
| Course Code | : BCOC-138 |
| SEMESTER | : FOURTH |
| Course Title | : COST ACCOUNTING |
| Assignment Code | : BCOC-138/TMA/2021-22 |
| Coverage | : ALL BLOCKS |
Maximum marks: 100
Note: Attempt all sections.
SECTION-A
Q.1 What are the requisites of an effective system of costing? (10)
Q.2 Discuss various methods of wage payment along with their advantages and disadvantages. (10)
Q.3 Define job costing. What are the characteristics of an industry where job costing can be applied? Explain giving appropriate illustrations. (10)
Q.4 Explain meanings of joint product and by-product. Describe methods of appointment of the joint production costs.(10)
Q.5 Calculate the earnings of a worker from the data given below: (10)
(i) Time wage (ii) Piece Wage (iii) Halsey Method (iv) Rowan
Standard time for completion of job is 30 hrs. Time taken is 20 hours. Hourly rate is Rs. 100 and Dearness allowance @ Rs. 50 per hour worked.
SECTION- B
Q.6 Explain differences between cost accounting and financial accounting. (6)
Q.7 Describe briefly different methods of costing. (6)
Q.8 What is meant by contract costing? Explain features of its production and cost. (6)
Q.9 Explain classification of selling and distribution overhead. (6)
Q.10 “Service costing is a method of costing whereby the cost of providing service per unit is calculated” Elaborate giving appropriate examples. (6)
SECTION- C
Q.11 Distinguish between the following: (10)
a) Direct costs and indirect costs
b) Fixed costs and variable costs
c) Joint product and by-product
d) Normal process loss and abnormal process loss
Q.12 Write short notes on the following: (10)
a) Absorption of factory overheads
b) Integral and non-integral accounting
c) Unit Costing
d) Service Costing
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