TYBCOM Cost Accounting Semester 5 Paper Solution 2023 University of Mumbai
TYBCOM Cost Accounting Semester 5 Paper Solution 2023 University of Mumbai
ANSWER KEY TYB.COM SEM-5, COST ACCOUNTING (SUBJECT CODE: 23107)
Q1 A. Select the most appropriate option and rewrite the full sentence (1 mark for each answer, maximum 10 marks.
- a.Direct
- a.Direct
- d.Opportunity Cost
- a.EOQ
- b.Category B
- a.FIFO
- a.Piece work plan
- c.Rowan Syatem.
- a.Prime Cost
- b.Factory Cost.
- c.18000
- .d.12000
| Group A | Group B |
| Bank Charges | c.Administrative cost |
| Coding System | e.Facilitates entry collation |
| Ordering Cost | i.Goods inspection expenses |
| Economic Order Quantity | k.Size of purchase order |
| Idle Time | j.Power failure |
| Rowan Premium Plan | b.Individual bonus plan |
| Over Absorbed Overheads | h.Absorbed overheads less Actual overheads |
| Quality Control | d.Service Cost Centre. |
| Prime Cost | g.Chargeable expenses. |
| Loose tools written off | l.Factory Overheads. |
| Upkeep of delivery Vans | a.Selling Overheads |
| Loss by Fire | f.Excluded in cost books. |
Answer 1-c; 2-e; 3-i; 4-k; 5-j; 6-b; 7-h; 8-d; 9-g; 10-l; 11-a; 12-f
Q2A
M/s. Ashish Manufacturing Company manufactures two types of products viz. M and N. The information for the year ended on 31st March, 2022 is as under:
| Particulars | Products | |
| M (₹) | N (₹) | |
| Direct Material per Unit | 300 | 360 |
| Direct Labour per Unit | 180 | 150 |
| Direct expenses per unit | 120 | 240 |
Additional Information:
- Factory expenses are charged at 20% of prime cost.
- Office expenses are charged at 25% of works cost
- 6,000 units of product M were produced of which 4,500 units were sold and 15,000 units of product N were produced of which 13,500 units were sold.
- Selling expenses are Rs.45 per unit for product M and Rs.60 per unit for product N.
- Company charges a profit at 20% on sales for both the products
Prepare a cost sheet showing the cost and profit in total as well as in per unit
2B (i)
From the following information value closing stock as on 30-9-2023 applying Weighted
Average Method.
| Units | Rate Per Unit | |
| Opening stock | ||
| 01-09-2023 | 7875 | 10.00 |
| Purchase | ||
| 17-09-2023 | 4830 | 8.40 |
| 22-09-2023 | 2520 | 9.00 |
| Sales | ||
| 09-09-2023 | 3255 | 13.20 |
| 18-09-2023 | 2415 | 12.60 |
| 20-09-2023 | 3045 | 10.80 |
| 30-09-2023 | 4935 | 11.40 |
Ty bcom question paper with solution
Cost paper ko answer sheet