IGNOU BCOE-142 December 2023 Previous Year Question Paper

Q1.(a) Discuss the techniques of cost control. 10

(b) What are the advantages of cost control ?

Q2.What do you mean by Standard Costing ?

Q3.Explain the advantages of standard costing.

Q4.Write short notes on any four of the following : 5 each

(a) Current Ratio

(b) Kaizen costing

(c) Activity -Based Costing

(d) Inflation Accounting

(e) Capital Reserve

(f) Value chain analysis

Q5.Glass manufacturing company requires you to present the budget for the next year from the following information : 20 Sales : Toughend Glass = 6,00,000 Bent Glass = 2,00,000 Direct material cost 60% of sales Direct Wages 20 workers @ 150 p. m. Factory overheads = 900 p.m. Stores and _ spare parts 2.5% on sales Depreciation on Machinery = 12,600 Light and Power = 3,000 Repairs and Maintenance % 8,000 Other sundries 10% on direct wages Selling and Distribution expenses & 36,000 p. a.

Q6.Coates India Ltd. manufactures a particular product, the standard direct labour cost of which is = 120 per unit whose manufacture involves the following : Grade of प्त Rate (९) Amount Workers ours ave (₹) A 30 2 60 B 20 3 60 During a period, 100 units of the product were produced, the actual labour cost of which was as follows : Grade of Amount Workers Hours Rate (®) © A 3,200 1.50 4,800 ee | Calculate : 5 each

(a) Labour Cost Variance

(b) Labour Rate Variance

(c) Labour Efficiency Variance

(d) Labour Mix Variance

Q7.From the following information, calculate : 5 each

(a) Break-even point

(b) New Break-even point if selling price is reduced by 10%

(c) New Break-even point if variable cost increases by 10%; and

(d) New Break-even point if fixed cost increases by 10% Sales = % 2,00,000 Variable Cost = = 1,20,000 Fixed Cost = = 30,0

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Q8.X Ltd. manufactures 1000 units p. a. at the cost of = 40 per unit and in year 2023. There is a demand of the whole production at price of % 42.50 per unit in the home market. There is an expected fall in the demand in the home market in the year 2024 and the whole product could be sold in the home market at a selling price of = 37.20 per unit. The cost analysis of 1000 units it as follows : Particulars Amount Materials 15,000 Wages 11,000 Variable Expenses 6,000 Fixed Expenses 10,000 2000 units could be sold in the foreign market at an explored price of = 35.50 per unit. It is also estimated that for additional 1000 units of the product, the fixed cost unit increase by 10%. Advise the management.

Q9.Discuss any five internal factors and any five external factors influencing pricing decisions.

Q10.For what types of industries, Human Resource Accounting is most suitable ? Is it relevant to countries like India ? Explain.

Q11.1. 0. 4+16 A 30 2 60 B 20 3 60 A 3,200 1.50 4,800 fast 2,00,0

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