IGNOU BCOC-138 December 2025 Previous Year Question Paper

Q1.Explain the steps involved in purchase of materials.

Q2.(a) Discuss the advantages and disadvantages of centralised purchasing. 10

(b) Distinguish between Job costing and Contract costing.

Q3.Z Company Ltd. have three production departments (A, B and C) and two service departments (D and E). The following data extracted from the records. You are required to prepare an Overhead Distribution Summary : 20 Indirect Material 15,000 Indirect Wages 16,000 Depreciation on Machinery 25,000 Depreciation on Buildings 5,000 eo |" Rates and Taxes 10,000 Electric Power for Machinery 15,000 Electric Power for Lighting 500 General Expenses 15,000 Items | Total | A | $ | ९ |? | E Direct Materials @) 60,000 | 20,000 | 10,000 | 19,000 | 6,000 5,000 Direct Wages (%) | 40,000 | 15,000 | 15,000 4,000 2,000 4,000 Value of Machinery @) 2,50,000} 60,000 | 1,00,000| 40,000 | 25,000 | 25,000 Floor Area (sq. ft.) 50,000 | 15,000 | 10,000 | 10,000 | 5,000 | 10,000 Horse Power of Machinery 150 50 60 30 No. of Light Points 50 15 10 10 10 Labour hours 15,000 5,000 5,000 2,000 1,000 2,000 The expenses of service departments D and E are to be apportioned as follows :

Q4.From the following information, prepare a Reconciliation Statement and find the profit as per financial accounts : 20 ar |

Q5.Over-recovery of administrative overheads (in cost accounts) 2,000 Gi) Loss due to obsolescence (charged in financial accounts) 6,000 (aii) Depreciation charged in costing books 2,400 = Depreciation charged in financial books 1,600

(v) | Loss due to depreciation in stock value 400

(vi) | Interest on investment received 8,000

(vii) | Income tax paid 1,000

(viii) | Bank interest received (credit in financial book) 1,000 Gx) | Stock adjustment (undervaluation in a books) 400 | Works overhead under- recovered (in cost books) 4,0

(00)

Q6.The following is the record of receipts and issues of a material : 20 January 1 Opening Balance 50 tons @ 10 per ton 2 Issued 30 tons 3 Received 60 tons @ % 10.20 per ton 3 Issued 25 tons (Stock verification reveals a loss of 1 ton) 4 Received back 10 tons from orders (Previously issued at = 9.15 per ton) Received 22 tons @ = 10.30 per ton Prepare a Stores Ledger Account on the assumption that materials were issued as the First-in First-out principle.

Q7.(a) The following expenditure was incurred on the contract of = 12,00,000 for the year ending 31-12-2024: 15 @ = Materials = 2,40,000

(1) Wages & 3,28,000

(iii) Plant = 40,000

(iv) Overheads ₹ 17,200 Cash received on account of the contract to 31-12-2024 was % 4,80,000, being 80% of the work certified. The value of material in hand was = 20,000. The plant had undergone 20% depreciation. Prepare Contract Account.

(b) What is the purpose of Time Booking ?

Q8.Write short notes on any two of the following : 10+10

(a) Abnormal Loss

(b) Joint Products

(c) Service Costing

(d) Labour Turnover सामग्री @ 60,000 20,000 10,000 19,000 6,000 5,000 मजदूरी @ 40,000 15,000 15,000 4,000 2,000 4,000 मूल्य @ 2,50,000 60,000. 1,00,000 | 40,000 | 25,000 | 25,000 (वर्ग फुट) 50,000 15,000 10,000 10,000 5,000 10,000 Ce T= Ds