BCOC-138 COST ACCOUNTING in English Solved Assignment 2021-2022

BCOC-138 COST ACCOUNTING

Solved Assignment 2021-2022

PROGRAMME CODE : B.COM
COURSE CODE : BCOC – 138
SEMESTER : FOURTH
COURSE TITLE : COST ACCOUNTING
ASSIGNMENT CODE : BCOC – 138/TMA/2021-22
COVERAGE : ALL BLOCKS

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:

(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.
(10)
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:

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
(10)
Q.12 Write short notes on the following:
a) Absorption of factory overheads
b) Integral and non-integral accounting
c) Unit Costing
d) Service Costing

BCOC-138, BCOC 138, BCOC138