BCOC-138 · December 2023 · English
IGNOU BCOC-138 December 2023 Previous Year Question Paper
Cost Accounting
Structured previous year question paper for BCOC-138, December 2023 session.
Max marks: 100 · Questions: 18 · Sections: 2
Verified: 29 Jul 2026
BACHELOR IN COMMERCE
(GENERAL)
Term-End Examination
December, 2023
BCOC-138 : COST ACCOUNTING
Time : 3 Hours Maximum Marks : 100
Note : Attempt Section A and Section B. Section A
carries 40 marks and Section B carries
60 marks. In Section B attempt any three
questions. All questions carry equal marks.
Section—A
Q1.Differentiate between Cost Accounting and Financial Accounting.
Q2.―Costs may be classified according to their nature and characteristics.‖ Elaborate on this statement.
Q3.Write short note s on any four of the following : 5+5+5+5
(a) Purchase Order
(b) FIFO Method
(c) Overtime
(d) Time Wage System
(e) Prime Cost Method
(f) Depreciation
Section—B
Note : Attempt any three questions. All que stions
carry equal marks.
Q4.From the following transactions, prepare a Store Ledger Accounting using LIFO method of material issued : 20 Year 2023 1st August Opening Stock 750 units @ ` 3 each 5th August Purchased 1500 units @ ` 4 each 9th August Issued 1250 units 11th August Purchased 1750 units @ ` 4 each 16th August Issued 2000 units 21st August Purchased 750 units @ ` 5 each 24th August Issued 250 units [ 3 ]
Q5.A factory has two Production Department s—A and B and two Service Departments—X and Y : Particulars A B X Y Wages (`) 8,000 6,000 3,000 3,000 Area sq. meters 1,500 1,100 900 500 Number of Employees 80 60 40 20 Value of Plant and Machinery (`) 3,200 2,400 1,600 800 Value of Direct Material Purchased (`) 1,000 2,000 Lighting units 500 300 150 50 Following costs have been incurred : ` Supervision 6,000 Repairs to Plant and Machinery 2,400 Light 2,000 Employees contribution to ESI 400 Rent 1,600 Depreciation to Plant and Machinery 4,000 Power 2,000 Canteen Expenses 200 Apportion the overhead of Service Department—Y and X in the ratio of 1 : 1 the Production Department. [ 4 ]
Q6.The following expenses have been incurred in respect of a workshop having 5 identical machines and occupied equal space : 20 Particulars Amount
Q7.Rent and Rates of workshop (per annum) 60,0
(00)
Q8.Repairs and maintenance of 5 Machines (per annum) 10,0
(00)
Q9.Lighting for Workshop (per annum) 20,0
(00)
Q10.Power Charges of 5 Machines @ ` 2 per unit 1,20,0
(00)
Q11.Supervisor’s salary (per month) 15,0
(00)
Q12.Attendant’s salary 40,0
(00)
Q13.Annual Interest on Hire- Purchase for Machine 25,0
(00)
Q14.Cotton for cleaning for the workshop (per annum) 1,0
(00)
Q15.Depreciation on each Machine (per annum) 16,0
(00)
Q16.Direct Wages 1,20,000 Each machine consumes 10 units of power per hour. Supervisor and Attendants spent equal time on each machine. Calculate Machine Hour Rate per machine.
Q17.Anant Transport Company supplies the following details of a truck of 5 tons capacity : Cleaner’s wage ` 2,000 per month Cost of truck ` 6,00,000 Estimated life 10 years Oil, grease, etc. ` 120 per trip each way Repairs and Maintenance ` 8,000 per month Driver’s wage ` 12,000 per month Insurance ` 36,000 per year Taxes ` 24,000 per year General Supervision Charges ` 36,000 per year The truck carries goods to and from city covering a distance of 60 kilomet res each way. While going to the city, freight is available to the extent of full capacity and on return 20% of capacity. Assuming that the truck run on a n average 25 days of a month, work out : operating cost per ton kilometre.
Q18.The Bharat Manufacturing Company’s product passes through two distinct processes X and Y, and then to the finished stock. It is known from the past experience that wastage occurs in the process as under : In Process X, 5% of the units entering the process. In Process Y, 10% of the units entering the process. The scrap value of the wastages in process X is ` 8 per 100 units and in process Y is ` 10 per 100 units : 20 Process X Process Y Material consumed 6,000 3,000 Wages 7,000 4,000 Manufacturing expenses 2,000 2,000 10000 units were brought into process X, costing ` 5,000. The output were : Process X –9500 Units and Process Y –8500 Units. Prepare Process Cost Accounts showing the output. 2023 -138 LIFO 750 1500 1250 1750 2000 750 250 A B X Y
Q19.000 6,000 3,000 3,0
(00)
Q20.500 1,100 900
Q21.200 2,400 1,600 800 [ 11 ]
Q22.000
Q23.400
Q24.000
Q25.600
Q26.000
Q27.000 200 1 : 1 [ 12 ]
Q28.000
Q29.000
Q30.000
Q31.20,000
Q32.000
Q33.000
Q34.000
Q35.000 [ 13 ]
Q36.000
Q37.10.
Q38.20,000 ` 2,000 ` 6,00,000 ` 120 ` 8,000 ` 12,000 ` 36,000 ` 24,000 ` 36,000 ] 10% 100 ` 10 100 [ 15 ]
Q39.000 3,000
Q40.000 4,000
Q41.000 2,000 10000 ` 5,0
(00)